Salesforce to acquire Tableau

Salesforce.com Inc. decided to buy big data firm Tableau Software Inc. for $15.3 Billion, marking the biggest acquisition in the company’s history as it looks to offer more data insights to it's clients.

Seattle-based Tableau has more than 86,000 customers, including tech heavyweights such as Verizon Communications Inc. and Netflix Inc. As part of the all-stock deal, Tableau shareholders will get 1.103 Salesforce shares, valuing the offer at $177.88 per share, representing a premium of 42% to Tableau's Friday closing price.

Salesforce deal comes days after Alphabet Inc. Google bought big-data analytics company Looker for $2.6 billion and surpasses the $5.9 billion that the cloud-based software company paid to buy U.S. software maker MuleSoft in 2018.

Big data analytics is a complex process used to uncover hidden patterns, unknown correlations; market trends and customer preferences that often help companies make better business decisions. The San Francisco-based company said the deal is likely to add up to $400 million in its 2020 revenue, but would decrease adjusted profit by about 37 cents to 39 cents per share.

Tableau acquires HyPer

Tableau software has acquired HyPer, a high performance database system company. As part of the technology acquisition, Tableau will add key technical personnel and plans to establish a research and development center in Munich and expand its research into high performance computing. Tableau intends to incorporate the technology into its product set.

Tableau is business intelligence and Analytics Company, taking business data and helping companies make sense of it. The new HyPer database technology should provide a performance boost across Tableau products, Patrice Pelland. Among the capabilities, HyPer brings to Tableau include faster data analysis, regardless of the size of the data set, unifying the transactional and analysis systems, richer analytics capabilities and support for structured or semi-structured data, which is increasingly important when processing Big Data sets.

HyPer is a fast main-memory database system designed for simultaneous OLTP and OLAP processing. It also unifies transactions and analysis in a single system, and when coupled with Tableau will help customers take visual analytics closer to the transactional systems that underlie most business. HyPer grew out of a research project started in 2010 by professors in Munich.