Dana Gardner

How real-time data streaming and integration set the stage for AI-driven DataOps

AI-driven DataOps The next BriefingsDirect business intelligence (BI) trends discussion explores the growing role of data integration in a multi-cloud world. Just as enterprises seek to gain more insights and value from their copious data, they’re also finding their applications, services, and raw data spread across a hybrid and public
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App Direct CEO

How the Cloud Will Transform in the Next Decade

Transformative Cloud Silicon Valley is easy to stereotype: the gadgets, the startup perks, the culture and mentality. However, the real reason Silicon Valley captures headlines is its market dominance. The rise of the FAANGs—Facebook, Amazon, Apple, Netflix, and Google—and their trillion-dollar market caps are hard
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Reuters news

Salesforce to buy Israel’s ClickSoftware for $1.35 billion

JERUSALEM (Reuters) – U.S. cloud-based service provider Salesforce (CRM.N) said it signed a definitive agreement to acquire Israeli software developer ClickSoftware for $1.35 billion in cash and shares.

Salesforce said adding ClickSoftware, which makes cloud-based field service management software, would accelerate the growth of its Service Cloud platform.

The deal comes a week after Salesforce completed its more than $15 billion purchase of big data firm Tableau.

Salesforce said its offer was net of the value of shares it already owns, after taking into consideration estimated purchase price adjustments.

The acquisition is expected to close during Salesforce’s fiscal quarter ending Oct. 31 pending various approvals.

Israeli media reported in January that Salesforce was in talks to buy ClickSoftware for around $1.5 billion.

U.S. private equity firm Francisco Partners bought ClickSoftware in 2015 for $438 million and delisted it from Nasdaq.

This would be the second significant deal by Salesforce in Israel since July 2018 when it paid $850 million for Datorama, a cloud-based artificial intelligence marketing platform…

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Reuters is an international news organization. It is a division of Thomson Reuters and has nearly 200 locations around the world. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data.
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