Salesforce has acquired the enterprise software integration firm MuleSoft for $6.5 billion, marking its largest-ever acquisition.
MuleSoft builds enterprise-grade software called Anypoint Platform, which enables companies to easily build and scale an application network of data, apps and devices across cloud and on-premise.
With this acquisition, MuleSoft will now power Salesforce Integration Cloud, which will help enterprises to unlock data across legacy systems, devices and cloud apps. It will speed up their digital transformation journey and provide a more connected customer experience.
“Every digital transformation starts and ends with the customer,” said Marc Benioff, Chairman and CEO, 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.”
Salesforce has been empowering enterprises to connect more effectively with their customers through better insights from their data with Einstein, it’s artificial intelligence platform. MuleSoft will help it to access data across the company and thus, this acquisition will now enable Salesforce to have all systems in one place for taking care of its ML and AI operations.
Salesforce will pay $44.89 per share for MuleSoft, a 36% premium over MuleSoft’s closing share price on March 19, 2018. Each share of MuleSoft will equal $36 in cash and 0.0711 shares of Salesforce common stock. The deal is expected to close by the end of July 2018.
“With the full power of Salesforce behind us, we have a tremendous opportunity to realize our vision of the application network even faster and at scale,” said Greg Schott, MuleSoft Chairman and CEO. “Together, Salesforce and MuleSoft will accelerate our customers’ digital transformations enabling them to unlock their data across any application or endpoint.”
MuleSoft went public just last year, but presented a strong growth when the company closed Q4 2017 with revenue of $88.7 million. It was an increase of over 60% as compared to previous year’s final quarter. The company has nearly 1200 customers worldwide including McDonald, Verizon and Coca-Cola.