Salesforce to acquire ClickSoftware in $1.35bn cash and stock deal.

Salesforce CEO Marc Benioff splashes out a further
$1.35bn on ClickSoftware seven days
after completing the $15.7bn acquisition of Tableau

Salesforce buys ClickSoftware for field service management and mobile workforce management cloud tools

Salesforce has acquired another company, this time ClickSoftware Technologies for $1.35 billion in a combination of cash and stock.

It follows rumours of Salesforce's interest in the company that have run since January, with a mooted price of $1.5 billion.

ClickSoftware was founded in Israel and is based in Burlington, Massachusetts. It was taken private in 2015 for just $438 million by private equity firm Francisco Partners. Salesforce already owns a chunk of ClickSoftware stock and the company said that its offer is net of the value of shares it already owns.

ClickSoftware specialises in field service management and mobile workforce management tools, which is somewhat beyond Salesforce's core market. The company claims more than 15,400 customers worldwide, including big names, such as Autoglass, Bosch, Electrolux, National Grid, and Philips.

Full story at Computing.