The latter is publicly traded however 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 reported , so the $15 .7 billion number is the business value of the transaction, calculated on the average price of Salesforce’s shares as of June 7, 2019 .
This is certainly a big jump on Tableau’s last market cap: it was valued at $10 .79 billion at the close of trading Friday, as per statistics on Google Finance.
The two boards currently have accepted the offer, Salesforce comments. The two companies’ administration teams are going to be hosting a meeting soon.
This is really a massive plan for Salesforce since it goes on to diversify beyond CRM software and into deeper layers of analytics.
Tableau Software is a data visualization platform formed in January 2003 by Christian Chabot, Pat Hanrahan, and Chris Stolte, in Mountain View, California. The company is currently headquartered in Seattle, Washington, United States focused on business intelligence.
Tableau carries approximately 86,000 corporate customers, which include Charles Schwab, Verizon, Schneider Electric, Southwest and Netflix. Salesforce said Tableau will function independently and under its own brand name post-acquisition. It will also continue being headquartered in Seattle, Wash. , headed by CEO Adam Selipsky along with others on the current leadership team.