Salesforce is acquiring Tableau for $15.7 billion

Salesforce and Tableau Software have entered into a definitive agreement under which the former is going to acquire the latter in an all-stock transaction. The value of this transaction is said to be priced at $15.7 billion.

“We are bringing together the world’s #1 CRM with the #1 analytics platform. Tableau helps people see and understand data and Salesforce helps people engage and understand customers. It’s truly the best of both worlds for our customers—bringing together two critical platforms that every customer needs to understand their world,” said Marc Benioff, Chairman and Co-CEO, Salesforce. “I’m thrilled to welcome Adam and his team to Salesforce.”

The combination of the two companies will supercharge the innovation scenario for both companies and their customers. Tableau helps companies all over the world see and understand data with their advanced data analytics expertise. Big companies like Charles Schwab, Verizon, Schneider Electric, and Netflix are among the 86,000 customers which rely on Tableau’s technology.

Tableau will be in a position to scale its operations as a part of Salesforce. Further, it is expected to operate independently after the closing of the acquisition and the company’s HQ is slated to remain in Seattle, Washington. In addition, the company will continue to function under the leadership of CEO Adam Selipsky.