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Announced

Salesforce to acquire Vlocity for $1.3bn.

Financials

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Transaction Value£1,014m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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mobile software

Private

Data Centers and Hosting

Majority

Acquisition

Single Bidder

Pending

United States

cloud software

Friendly

Domestic

Disposal

Private Equity

Synopsis

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Salesforce, an American cloud-based software company, agreed to acquire Vlocity, a provider of industry-specific cloud and mobile software, for $1.3bn. "It is important for our customers to have products that speak the language of their industries. Vlocity’s feature set will continue to enhance and complement Salesforce’s industry capabilities and product knowledge, open up new industry capabilities built on the Salesforce platform and provide customers with even more tools and expert guidance to digitally transform," Salesforce.

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