Salesforce buys Mulesoft

Salesforce has signed an agreement to buy data integration vendor MuleSoft for $6.5 Billion as the backbone for a new integration cloud. With more than 1200 client companies in 60 countries, San Francisco based MuleSoft offers a platform for building application networks that connect apps, data and devices.

The acquisition will allow it to unlock data across legacy systems, cloud apps and devices to make smarter, faster decisions and create highly differentiated, connected customer experiences. The new Integration Cloud will offer an Integration-Platform-as-a-Service that is intended to let enterprises access any data anywhere.

The acquisition comes a year after MuleSoft went public and spent the year increasing sales while trying to manage its growing losses. In the company’s fourth quarter, it brought in $88.7 million in sales, which was a 60% bump from the previous year during the same time period. Mulesoft had an operating loss of $25.5 million in its fourth quarter, a nearly 100% jump from the $12.8 million operating loss it recorded in the same quarter of the previous year.

MuleSoft provides one of the world's leading platforms for building application networks that connect enterprise apps, data and devices, across any cloud and on-premise. More than 1,200 customers, including Coca-Cola, Barclays, Unilever and Mount Sinai, rely on MuleSoft to change and innovate faster, deliver differentiated customer experiences, and increase operational efficiency.