Salesforce, a maker of customer-management software, is buying Tableau Software in an all-stock deal valued at $15.7 billion. By scooping up Tableau, which provides easy-to-use tools for visualizing and organizing data, Salesforce is the latest big tech firm to carve itself a role in helping businesses analyze data and make smarter decisions. He said Tableau and Salesforce complement each other, and the deal could be successful if Tableau is able to stay "laser focused" on its core analytics product. Salesforce Chairman and co-CEO Marc Benioff said in a statement that the deal will pair Tableau's strengths in helping businesses understand data with Salesforce's focus on helping businesses understand customers. Shares of Tableau Software Inc. jumped 34.2% in afternoon trading on Monday.

Source: ABC News June 10, 2019 11:30 UTC