9 Replies Latest reply on Aug 27, 2019 11:00 AM by Tim Dines

    Salesforce to acquire Tableau

    Amanda Boyle

      We have big news to share, Tableau has entered into an agreement to be acquired by Salesforce. Joining Salesforce will help us accelerate and expand our mission to help people see and understand data. You can read more details on our blog.

       

      Additional Information and Where to Find It

      The exchange offer referenced in this communication has not yet commenced. This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares, nor is it a substitute for any offer materials that the Company will file with the U.S. Securities and Exchange Commission (the “SEC”). At the time the exchange offer is commenced, Salesforce and Purchaser will file a tender offer statement on Schedule TO, Salesforce will file a registration statement on Form S-4 and the Company will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the exchange offer. THE EXCHANGE OFFER MATERIALS (INCLUDING AN OFFER TO EXCHANGE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER EXCHANGE OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT WILL CONTAIN IMPORTANT INFORMATION. STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THESE DOCUMENTS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF THE COMPANY’S SECURITIES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING EXCHANGING THEIR SECURITIES. The Solicitation/Recommendation Statement, the Offer to Exchange, the related Letter of Transmittal and certain other exchange offer documents will be made available to all of the Company’s stockholders at no expense to them. The exchange offer materials and the Solicitation/Recommendation Statement will be made available for free on the SEC’s website at www.sec.gov. Copies of the documents filed with the SEC by Salesforce will be available free of charge under the Financials heading of the Investor Relations section of Salesforce’s website at www.Salesforce.com/investor. Copies of the documents filed with the SEC by the Company will be available free of charge under the SEC filings heading of the Investors section of the Company’s website at investors.tableau.com/.

       

      Forward-Looking Statements

      This communication contains forward-looking information related to the Company and the acquisition of the Company by Salesforce that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements in this release include, among other things, statements about the potential benefits of the proposed transaction, the Company’s plans, objectives, expectations and intentions, the financial condition, results of operations and business of the Company, and the anticipated timing of closing of the proposed transaction. Risks and uncertainties include, among other things, risks related to the ability of the Company to consummate the proposed transaction on a timely basis or at all, including due to complexities resulting from the adoption of new accounting pronouncements and associated system implementations; Salesforce’s ability to successfully integrate the Company’s operations; Salesforce’s ability to implement its plan, forecasts and other expectations with respect to the Company’s business after the completion of the transaction and realize expected synergies; the satisfaction of the conditions precedent to consummation of the proposed transaction, including having a sufficient number of the Company’s shares being validly tendered into the exchange offer to meet the minimum condition; the Company’s ability to secure regulatory approvals on the terms expected in a timely manner or at all; the ability to realize the anticipated benefits of the proposed transaction, including the possibility that the expected benefits from the proposed transaction will not be realized or will not be realized within the expected time period; disruption from the transaction making it more difficult to maintain business and operational relationships; the negative side effects of the announcement or the consummation of the proposed transaction on the market price of the Company’s common stock or on the Company’s operating results; significant transaction costs; unknown liabilities; the risk of litigation and/or regulatory actions related to the proposed transaction; competitive factors, including new market entrants and changes in the competitive environment, pricing changes, sales cycle time and increased competition; customer demand for the Company’s products and services and customer response to the Company’s subscription offerings; ability to attract, integrate and retain qualified personnel; the Company’s ability to protect its intellectual property rights and develop its brand; the ability to develop new services and product features; other business effects, including the effects of industry, market, economic, political or regulatory conditions, including expenditure trends for business analytics and productivity tools; future exchange and interest rates; changes in tax and other laws, regulations, rates and policies, including those related to the provision of services on the Internet, those related to accessing the Internet and those addressing data privacy and import and export controls; future business combinations or disposals; and the uncertainties inherent in research and development.

      Further information on these and other risk and uncertainties relating to the Company can be found in its reports on Forms 10-K, 10-Q and 8-K and in other filings the Company makes with the SEC from time to time and available at www.sec.gov. These documents are available under the SEC filings heading of the Investors section of the Company’s website at investors.tableau.com/.

      The forward-looking statements included in this communication are made only as of the date hereof. The Company assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

        • 2. Re: Salesforce to acquire Tableau
          Tim Dines

          While I understand the desire to reach more people more quickly to help them better understand their data, especially with MS giving away the inferior PowerBI product, I just don't know how I feel about this acquisition.  Salesforce is indeed the largest company doing what they do and Tableau is, by far, the best at what they do, but other than growing the customer contact list what does this do for Tableau?

           

          I have seen this many times before and been both winner and loser.  Will we wake up on this date next year and see "Tableau Powered by Salesforce", and then the next year Tableau becomes nothing more than a checkbox on the Saleforce contract?  I have staked by career on this wonderful tool the past few years and truly love it.  I just don't want to see it ruined or fade off into the sunset.  I refuse to become a PowerBI guy.

          2 of 2 people found this helpful
          • 3. Re: Salesforce to acquire Tableau
            john penna

            Well done if your paid with shares. Up 35% pre opening. Alteryx will be acquired at some point too. Im so glad IBM did not buy Tableau. It paid 5 billion for Cognos and destroyed it in a period of 7-10 years, everybody moved to powerBI or Tableau or both.  It also made thousands of staff redundant. I hope this doesnt happen to Tableau

            • 4. Re: Salesforce to acquire Tableau
              Tyler Garrett

              I disagree. I don't see Alteryx getting picked up, and I say that having worked at Tableau & Alteryx.

               

              Alteryx has a long way to go internally, culturally, and professionally. And my last major contract was 9months doing first time implementation of Alteryx and Tableau optimizing @ ExxonMobil.

               

              However, to get back to the point of the topic, I'm blown away Salesforce is making the leap, had no idea this was their intention based on using their product for many years. I know Salesforce to be a very complex, problematic, and challenging implementation, since the legacy days... it has never improved...

               

              Tableau on the other hand, always improves, always gets easier, and I hope to see the Tableau software team helping the salesforce folks, and vice versa. This is an exciting time because this will put a strain on the competitors, which enables us to reap the benefits of the competition. Plus, new companies will have to be even better, in the future!!

               

              Best,

              Tyler

              Dev3lop

              1 of 1 people found this helpful
              • 5. Re: Salesforce to acquire Tableau
                Tyler Garrett

                Good point Tim, we can only hope for the best as external contributors... Personally, I use powerBI, google data studio and tableau on a daily basis. AND I agree with you, I'd hate to see it turn ugly, becoming a checkbox on a super complex setup/install sounds like business objects days, but knowing what I know about the developers who are still at tableau, the architects, the geniuses. I doubt this will negatively impact us enough to send us to an inferior product, and if it does, they aren't half bad if you know SQL.

                 

                Best,

                Tyler

                • 6. Re: Salesforce to acquire Tableau
                  Alex Vinot
                  1 of 2 people found this helpful
                  • 7. Re: Salesforce to acquire Tableau
                    Wale Ilori

                    I'm quite hopeful on this acquisition.

                     

                    I remember when Google bought WAZE some years ago and being an ardent WAZE use and fan for almost a decade now, was really concerned my experience with their application would degrade or totally disappear in favor of Google making Google Maps take over. However, they have kept both separate and actually slowly integrated some of the cool features of WAZE into Google Maps.

                     

                    But as with all things, time will tell!!

                    1 of 1 people found this helpful
                    • 8. Re: Salesforce to acquire Tableau
                      john penna

                      "Staked my career on this wonderful tool"....

                       

                      Never put all your eggs in one basket

                       

                      I put a lot of money in Training and doing certifications of cognos years ago(20k)..Staked my career on Cognos...10 calls a day for work , 5-7 years of amazing hope and contract rates...

                       

                      IBM bought them out and 10 years later its a dead product that no one uses, full outsourcing of product development,no QA, thousands of bugs and a new version every month..IBM destroyed my Cognos career and many partners also

                       

                      Now I may get a call 1 time ...in a year..... rather than 10 a day. Cognos is dead,gone...Tableau has got some time but firms have to continue to development the software...Tableau will have to morph /change to survive

                       

                      Also learn another tool, your opinion is powerbi is less good but if there are lots of firms using it there will be jobs. I have learnt to go where the money /jobs are. Learn Aws Glue, python, big data stuff

                       

                      Learn as much as you can and always diversify, IT never ever sits still and realistically IT solutions are used for a few years then scrapped and rebuilt. A never ending cycle of development

                       

                      It can also help make the tool better if people Learn other tools as they can request better functionality as Tableau has its quirks and still has ridiculous things it cant do and should (proper search abilities  in parameters is my bugbear of many)

                       

                      Never stop learning

                       

                      Eventually you would have to into another field or management, when you get to 45-50 years old you want to be a developer? Its hard on the brain as you get older:)

                       

                      Just my 50cents

                       

                       

                       

                      Sent from my iPhone

                      • 9. Re: Salesforce to acquire Tableau
                        Tim Dines

                        John,

                        Thank you for your fifty cents.  I have been in IT in one form or another for more than 25 years.  I picked up Tableau in 2015 when a Director of the company I worked at back then walked up and asked if I had ever heard of Tableau.  I told me to download it and take a look to see what I could do in the next two hours.  After downloading and installing I grabbed a couple of inventory reports and converted them to Tableau visualizations based on the Superstore examples.  I went to that meeting two hours later to find that we were moving everything from Crystal and SSRS to Tableau and I was in charge.

                         

                        I have come to love this tool and the company that created it.  At my age I have decided that I can work on whatever I want and I can turn away whatever I don't want to work on.  When asked about PBI I just state that after 25 years if something is not on my resume it doesn't mean that I don't know it. It is just that I choose not to work in it.  My eggs are all in this basket now and if the basket dries up it will be time to retire.  That's OK because I have a lot of Disc Golf to play before my days are done.

                         

                        Tim Dines