Category: Marc Benioff

June 10, 2019 Off

Salesforce is buying data visualization company Tableau for $15.7B in all-stock deal

By Jill T Frey

On the heels of Google buying analytics startup Looker last week for $2.6 billion, Salesforce today announced a huge piece of news in a bid to step up its own work in data visualization and (more generally) tools to help enterprises make sense of the sea of data that they use and amass: Salesforce is buying Tableau for $15.7 billion in an all-stock deal.

The latter is publicly traded and this deal will involve shares of Tableau Class A and Class B common stock getting exchanged for 1.103 shares of Salesforce common stock, the company said, and so the $15.7 billion figure is the enterprise value of the transaction, based on the average price of Salesforce’s shares as of June 7, 2019.

This is a huge jump on Tableau’s last market cap: it was valued at $10.79 billion at close of trading Friday, according to figures on Google Finance. … Read the rest

May 29, 2019 Off

Salesforce’s first blockchain plunge will involve development tools

By Jill T Frey

Last year, Salesforce chairman Marc Benioff mentioned, perhaps for the first time, his interest in the blockchain. It was not known at the time if he was seriously interested, or if Salesforce would indeed offer a way to use the blockchain on the Salesforce platform. Today, a little more than a year later, the company announced its first blockchain product, and it’s one aimed squarely at developers.

Salesforce’s MO with new tech is always to start slowly and branch out after it gets a feel for customer requirements. Today’s announcement follows a similar path. The company is announcing a low-code blockchain development tool on the Lightning platform. It’s important to note that this is only available to select design partners for now, and won’t become generally available until sometime next year.

About the time Benioff was making his first public statements about blockchain, the company began looking at how … Read the rest