Salesforce to buy Israel's ClickSoftware for $1.35 billion

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U.S. cloud-based service provider Salesforce agreed to buy U.S.-Israeli software...

) agreed to buy U.S.-Israeli software developer ClickSoftware for $1.35 billion in cash and shares, in a bid to accelerate growth of its cloud-based products to manage customer service operations.

The deal comes a week after Salesforce completed its more than $15 billion purchase of data analytics firm Tableau. ClickSoftware makes cloud-based field service management software - which tracks and manages technicians and employees who work outside office locations - for customers like Bosch, Deutsche Telekom and Ericsson.

This is the second major deal by Salesforce in Israel since July 2018 when it paid $850 million for Datorama, a cloud-based artificial intelligence marketing platform that makes up one of Salesforces’s two research and development facilities in Israel.

 

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Salesforce acquires field-service company ClickSoftware for $1.35 billionThe deal could help Salesforce compete with Microsoft, whichacquired field service software company FieldOne in 2015. Holy crap! I thought Steven Seagal grew a beard for a second! So does that decrease this quarter's earnings by a billion from the acquisition?
Source: CNBC - 🏆 12. / 72 Read more »