Salesforce to Acquire Field-Service Management Software Maker ClickSoftware for $1.35 Billion

Executive Summary

On August 7, 2019, Salesforce announced the signing of a definitive agreement to acquire field service management company ClickSoftware for $1.35 billion in cash and stock.

• ClickSoftware offers field service management solutions that use advanced technologies including artificial intelligence and the Internet of Things to improve efficiency, increase effectiveness and enhance customer experiences. 
• Salesforce expects the acquisition to enhance its service cloud business by empowering service employees from contact center to field, to deliver more connected, intelligent customer service.
• The acquisition is expected to close during Salesforce’s fiscal third quarter ending October 31, 2019, subject to customary closing conditions.
• The announcement comes a week after the acquisition of analytics platform Tableau for $15.7 billion, which closed on August 1.