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Market Update

Date posted: 3 July 2019
Posted in: Sustainability software

Salesforce acquires Tableau

June 2019. Salesforce.com agree to acquire Tableau in an all stock transaction to the tune of $15.7 billion.

The synergies between the two companies have been cited as a reason to be optimistic about the growth of the company over the next couple of years at least.

Adam Selipsky, President and CEO at Tableau, in his email to company employees mentioned…” we were quickly struck by the cultural similarities between the companies. A desire to change the world through data and digital transformation”.

That being said, Salesforce have communicated that Tableau will operate independently and under its own brand post-acquisition.

SustainIt will monitor the acquisition to see if it has any tangible impacts on the Salesforce-built sustainability platform SoFi on Salesforce (formally CloudApps), now owned by thinkstep.

Intelex Secures strategic investment

A large stone had been thrown in the EHSQ pond after Industrial Scientific announce a definitive agreement to acquire Canadian firm Intelex Technologies for approximately $570 million.

In a push towards industry 4.0, Industrial Scientific look to leverage their industry leading EHSQ technologies such as sensors, wearables and other connected devices within Intelex Technologies robust software platform in order to help companies move towards real-time EHSQ management.

“Joining Industrial Scientific and the Fortive group of companies is a game-changer for Intelex as well as the industry. This propels our vision of enhancing environmental, worker health and safety, and quality programs through cyber-physical approaches,” said Mark Jaine, CEO of Intelex.

Intelex will be looking to develop their software to keep pace with other market leaders in the EHSQ software market with the acquisition putting them in a very strong position.