Salesforce shares dropped as much as 8% on the news it would buy Tableau for $15.3 billion in stock. The company expects the deal to knock 37 cents to 39 cents from non-GAAP EPS in its current fiscal year.
Table of Contents
Why is Salesforce acquiring Tableau?
Among them:
- Datorama – A single platform that includes all marketing analytics. Salesforce bought it for $766 million in 2018.
- Demandware – A cloud-based e-commerce solution. Salesforce bought it for $2.8 billion in 2016.
- ExactTarget – An email marketing solution. …
- Krux – An ad tech company. …
- Radian6 – A social media monitoring platform. …
Is tableau owned by Salesforce?
Users have access to a choice of products for sales, service, marketing, and other business functions. Tableau is a brand of business analytics software owned by Salesforce, which is designed to be compatible with all of its software products.
Was tableau purchased by Salesforce?
Yesterday, Salesforce announced its acquisition of Tableau at an enterprise value of approximately $15.7 billion. At 2018 revenue of $1.16 billion, Tableau acquisition was almost 13.5x. This is also a 31% premium over Tableau’s $10.9 billion market capitalization.
Does Salesforce own tableau?
Tableau Software (/ t æ b ˈ l oʊ / tab-LOH) is an American interactive data visualization software company focused on business intelligence. It was founded in 2003 in Mountain View, California, and is currently headquartered in Seattle, Washington. In 2019 the company was acquired by Salesforce for $15.7 billion. At the time, this was the largest acquisition by Salesforce (a leader in the …
What company did Salesforce buy?
What is Salesforce software?
Is tableau underperformed?
About this website
Why has Salesforce share price dropped?
While there wasn’t any company-specific news that caused Salesforce’s stock to fall today, some technology investors are exiting their positions in the sector as fears of rising inflation, the war in Ukraine, and economic uncertainty fuel a sell-off.
Why would Salesforce buy Tableau?
“Salesforce’s acquisition of Tableau gives customers the ability to ensure that self-service and embedded decision support and augmentation is available to all executives, managers and front line employees.”
What did Salesforce pay for Tableau?
$15.7 billionSalesforce completes $15.7B acquisition of Tableau Software, creating new enterprise tech force. Salesforce has wrapped up its $15.7 billion acquisition of Seattle’s Tableau Software, creating a powerful force in the lucrative enterprise software world.
Did Tableau buy Salesforce?
PwC says Tableau will be our new analytics platform And so many conversations with so many companies who have made the decision that now that Tableau is part of Salesforce, they see how this has become part of our Customer 360 and there’s a lot of new innovation, a lot of the exciting stuff coming for Tableau.
What will Salesforce do with Tableau?
Tableau can help you fully leverage your rich customer data by providing analytics for everyone in your organization. Use Tableau to blend Salesforce data from across the Customer 360 platform with your other business data for increased visibility and a deeper understanding of your customers.
What is the future of Tableau?
Tableau is now for the Developers But they’ve now expanded it to include accelerator dashboards (many thanks to is the acquisition of LinPack). It will also be the home of Viz Extensions, Tableau Prep Extensions, and custom data sets. We already mentioned what Viz extensions will provide to Tableau Desktop.
What is Tableau worth?
On June 10, 2019, Tableau was acquired by Salesforce in an all-stock deal worth over $15 billion.
What company owns Tableau?
SalesforceTableau Software / Parent organizationSalesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management software and applications focused on sales, customer service, marketing automation, analytics, and application development. Wikipedia
How much revenue does Tableau generate?
Crunching the numbers from Salesforce’s new disclosure, Tableau’s revenue was about $285 million in the first fiscal quarter ended April 30, 2020, a year ago. That was up less than 1% from revenue of $282.5 million for Tableau’s closest comparable period as a standalone company, its first quarter ended March 30, 2019.
Who are Salesforce competitors?
Competitors and Alternatives to SalesforceMicrosoft.Oracle.SAP.SugarCRM.Zoho.Sage.Zendesk.CRMNEXT.
Who owns Salesforce?
Marc BenioffMarc Benioff is Chair, Co-CEO, and Co-Founder of Salesforce and a pioneer of cloud computing. Under Benioff’s leadership, Salesforce is the #1 provider of customer relationship management (CRM) software globally and one of the world’s fastest-growing enterprise software companies.
What company did Salesforce buy?
Salesforce.com on Monday agreed to buy data analytics firm Tableau Software ( DATA) for $15.7 billion in an all-stock deal. The deal sparked a rally in software companies despite lofty valuations.
What is Salesforce software?
Salesforce software helps businesses organize and handle sales operations and customer relationships. The company has expanded into marketing, customer services and e-commerce. In 2016, Salesforce.com paid $2.8 billion for Demandware, then its largest deal.
Is tableau underperformed?
But shares in Tableau have underperformed, compared with many software stocks so far in 2019. Salesforce expects synergy between its Einstein artificial intelligence tools and Tableau’s business intelligence software. At Baird, analyst Rob Oliver estimates that the Einstein platform is a $200 million business annually.
What is Salesforce’s acquisition of Tableau?
SAN FRANCISCO, Calif. — August 1, 2019 — Salesforce (NYSE:CRM), the global leader in CRM, today announced it has completed its acquisition of Tableau Software, bringing together the world’s #1 CRM with the world’s #1 analytics platform. “Tableau is an extraordinary company, with an amazing product and team and an incredibly passionate community,” …
Is the UK antitrust regulator reviewing the transaction?
Although the transaction has closed, the UK Competition and Markets Authority (CMA), the UK’s antitrust regulator, has recently decided to review the transaction. Until the CMA completes its review, the companies will remain operationally separate.
Is tableau part of Salesforce?
As part of Salesforce, Tableau will be positioned to accelerate and extend its mission to help people see and understand data.
What is the biggest acquisition of Tableau?
Salesforce bets on big data with $15.3 billion Tableau buy 1 Salesforce.com Inc on Monday decided to buy big data firm Tableau Software Inc for $15.3 billion, marking the biggest acquisition in the company’s history as it looks to offer more data insights to its clients. 2 Salesforce’s deal comes days after Alphabet Inc’s Google bought big-data analytics company Looker for $2.6 billion and surpasses the $5.9 billion that the cloud-based software company paid to buy U.S. software maker MuleSoft in 2018. 3 Shares of Tableau jumped 35% to $169.50, while those of Salesforce fell 5% to $156.43 in premarket trading.
What company did Salesforce buy?
Salesforce.com Inc on Monday decided to buy big data firm Tableau Software Inc for $15.3 billion, marking the biggest acquisition in the company’s history as it looks to offer more data insights to its clients.
How much did Salesforce pay for MuleSoft?
Salesforce’s deal comes days after Alphabet’s Google big-data analytics company Looker for $2.6 billion and surpasses the $5.9 billion that the cloud-based software company paid to buy U.S. software maker MuleSoft in 2018.
Who bought Looker Analytics?
Salesforce’s deal comes days after Alphabet Inc’s Google bought big-data analytics company Looker for $2.6 billion and surpasses the $5.9 billion that the cloud-based software company paid to buy U.S. software maker MuleSoft in 2018.
What is Salesforce’s purchase of Tableau?
Salesforce’s purchase of Tableau is a strategic play to be combine enterprise data on one platform. Here’s a look at the strategic rationale, wild cards, and what it means for customers.
How much is Salesforce revenue in 2020?
Salesforce revenue for fiscal 2020 is now expected to be $16.45 billion to $16.65 billion. Non-GAAP earnings for fiscal 2020 will take a hit of about 37 cents a share to 39 cents a share to land between $2.51 a share to $2.53. So, yes, Salesforce bulked up a good bit. Tableau brings nearly $1.4 billion to the table in annual revenue.
Did Salesforce buy Mulesoft?
Salesforce, which did buy Mulesoft to connect to other data sources, is likely to maintain Tableau’s mission and approach, but it’ll have to prove it to some folks. BMO Capital analyst Keith Bachman noted that Tableau buyers are different than the folks Salesforce sells to.
Does Salesforce have Tableau?
Rest assured Salesforce’s Marketing Cloud and Tableau will be a force. Yes, Salesforce gets a critical analytics platform, but also prevents Microsoft, SAP or Oracle from buying it.
Does Salesforce have analytics?
With the purchase, Salesforce lands the No. 1 analytics platform and now has some portion of your data stack. Most enterprises have Salesforce and/or Tableau in the fold. Benioff said:
Is Salesforce a standard?
Salesforce becomes a standard in university data science, analytics, business, and information systems departments. Don’t underestimate the power of Tableau, its community and ability to bring new customers to the Salesforce platform.
Is Looker a competitor to Tableau?
Looker is a Tableau rival on many levels. In one swoop, Google Cloud closed some data platform gaps with Microsoft Azure and Amazon Web Services with its Looker purchase. Meanwhile, Cloudera noted that it is seeing more competition from public cloud providers. The risk to Salesforce is obvious.
Is Salesforce a database?
Salesforce runs entirely on Oracle (NYSE: ORCL) databases. This can be a problem, both for Salesforce and for its clients. Most notably, this presents security concerns. Essentially, clients give Salesforce their data, but Salesforce is unable to handle all that data itself, instead passing it to another company.
Is Tableau behind Microsoft?
Tableau was the market leader but fell behind Microsoft quite recently. As per Gartner’s research, Tableau has fallen behind, making the Salesforce purchase a sort of saving grace for a company struggling to maintain its market lead. Here is the story of the rise of Microsoft’s Power BI relative to the struggle of Tableau …
Does Salesforce use Tableau?
If Salesforce integrates Tableau to where users can both integrate all data and store data themselves (as opposed to the cloud ), this will give Salesforce a competitive advantage over Microsoft (which stores data on the cloud). However, this must be performed quickly, as Microsoft is reaching out to many enterprises, both pushing Power BI and gaining feedback, the very same feedback that has led to its rapid growth in this market. I believe the potential is there: Salesforce has the marketing skills to rival Microsoft, while Tableau has the technological prowess that rivals Microsoft.
Is Salesforce overpriced?
Salesforce used its overpriced stock to buy an even more overpriced company. The acquisition is highly logical once you understand that Microsoft is now Salesforce’s main opponent. Still, Microsoft is the best buy in the business intelligence sector.
Is Tableau overpriced?
So, while Tableau might be overpriced by traditional financial analyses, the buyout might make sense when you consider the long term. In addition, Salesforce bought Tableau with stock, which itself is overpriced. Still, this news hardly justifies the prices for CRM and DATA.
How much did Salesforce buy Tableau?
In an amazingly quick turnaround for a deal of this scope, Salesforce announced today that it has closed the $15.7 billion Tableau deal announced in June. The deal is by far the biggest acquisition in Salesforce history, a company known for being highly acquisitive.
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History Repeats Itself…Twelve Years Later
For veterans of the Big Data analytics industry like myself, these recent acquisitions curiously resemble what we saw a little over a decade ago with SAP’s pickup of Business Objects for $6.7 billion and IBM’s Cognos purchase for $5 billion. Are we witnessing history repeat itself?
When Did Salesforce Become a Data Analytics Company?
Salesforce has long been recognized as a CRM solution provider, but it has also been testing the waters when it comes to Big Data analytics since 2016. Its Einstein product offering is an innovative data analytics solution that provides AI-driven augmented analytics capabilities that natively integrate with Salesforce’s other business applications.
What Will Happen Now That Salesforce Has Bought Tableau?
Will sparks fly when Einstein and Tableau collide? What can we expect from this shakeup of the Big Data analytics landscape. I have a few bold predictions.
Data Analytics Will Become Even More Connected to Business Scenarios
One of the biggest challenges a software company typically faces when selling in the industry is trying to explain the business value it can generate.
Augmented Analytics Will Drive the Next Wave of Disruption In Big Data Analytics
What is augmented analytics? According to Gartner, augmented analytics is an approach that automates insight generation using machine learning and natural-language processing. Gartner points out that augmented analytics will be a disruptive trend in the next wave of the data and analytics market.
Cloud Business Will Continue to Ramp Up
Unlike the SAP and IBM acquisitions twelve years ago, this current round of BI tool acquisitions was launched by two companies based on cloud business. Google Cloud is a rising star in the public cloud, and the acquisition of Looker is intended to expand its multi-cloud strategy.
Augmented Analytics is the Future of Big Data and Analytics
Salesforce’s acquisition of Tableau will greatly enrich the visual analytics capabilities for its sales and marketing scenarios, and in light of the current Salesforce data analytics strategy, it is a stepping stone towards the future trend of augmented analytics.
What company did Salesforce buy?
Salesforce.com on Monday agreed to buy data analytics firm Tableau Software ( DATA) for $15.7 billion in an all-stock deal. The deal sparked a rally in software companies despite lofty valuations.
What is Salesforce software?
Salesforce software helps businesses organize and handle sales operations and customer relationships. The company has expanded into marketing, customer services and e-commerce. In 2016, Salesforce.com paid $2.8 billion for Demandware, then its largest deal.
Is tableau underperformed?
But shares in Tableau have underperformed, compared with many software stocks so far in 2019. Salesforce expects synergy between its Einstein artificial intelligence tools and Tableau’s business intelligence software. At Baird, analyst Rob Oliver estimates that the Einstein platform is a $200 million business annually.
