Salesforce, a global leader in CRM, and MuleSoft, an organisation that provides a platform for building application networks, have entered into a definitive agreement under which Salesforce will acquire San-Francisco-based MuleSoft for an enterprise value of $6.5 billion. Together, the companies aim to accelerate customers’ digital transformations, enabling them to unlock data across legacy systems, cloud apps and devices to make smarter, faster decisions and create highly differentiated, connected customer experiences. “Every digital transformation starts and ends with the customer,” said Marc Benioff, Chairman and CEO of Salesforce. “Together, Salesforce and MuleSoft will enable customers to connect all of the information throughout their enterprise across all public and private clouds and data sources – radically enhancing innovation. I am thrilled to welcome MuleSoft to the Salesforce Ohana.” Greg Schott, MuleSoft Chairman and CEO, added: “With the full power of Salesforce behind us, we have a tremendous opportunity to realise our vision of the application network even faster and at scale.” The boards of directors of Salesforce and MuleSoft have unanimously approved the transaction. Under the terms of the transaction, Salesforce will commence an exchange offer to acquire all of the outstanding shares of MuleSoft. The transaction is expected to close in the second quarter of Salesforce’s fiscal year 2019.
Time is up for banks and finance firms as DORA is here
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