Salesforce Completes Acquisition of MuleSoft
With MuleSoft, Salesforce now provides one of the world's leading platforms for building application networks that connect enterprise apps, data and devices across any cloud and on-premise--whether they connect with Salesforce or not
MuleSoft's Anypoint Platform will also be part of Salesforce Integration Cloud, which will enable all enterprises to surface their data--regardless of where it resides--to deliver intelligent, connected customer experiences across all channels and touchpoints
Leading companies, including Coca-Cola, Barclays and Unilever, rely on MuleSoft to change and innovate faster, deliver differentiated customer experiences, and increase operational efficiency
SAN FRANCISCO, May 2, 2018 /PRNewswire/ -- Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of MuleSoft, the provider of one of the world's leading platforms for building application networks. With MuleSoft, Salesforce will accelerate customers' digital transformations, enabling them to unlock data across legacy systems, cloud apps and devices to make smarter, faster decisions and create highly differentiated, connected experiences for their customers.
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"Every company is undergoing a digital transformation and integration has never been more strategic," said Marc Benioff, Chairman and CEO, Salesforce. "Now with MuleSoft, Salesforce will enable customers to connect all of the information throughout their enterprise across all public and private clouds and data sources—radically enhancing innovation. I am thrilled to welcome MuleSoft to the Salesforce Ohana."
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"By joining Salesforce, we have a tremendous opportunity to realize our vision for the application network," said Greg Schott, CEO of MuleSoft, a Salesforce company. "Our team is excited about accelerating MuleSoft's mission to connect any application, data and device by building innovative products that enable our customers' continued success."
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"Pilot Flying J is transforming its guest experience across its network of more than 750 travel centers throughout North America to make life easier for drivers on the road," said Mike Rogers, Senior Vice President, Chief Strategy and Information Officer, Pilot Flying J. "By creating an application network that connects any app, data source or device, we were able to quickly deploy our myPilot mobile app. With MuleSoft and Salesforce, we have been able to deliver new features to our guests, including mobile payment and real-time parking availability data to professional drivers. We are excited about the collaboration between MuleSoft and Salesforce and how it will further benefit our guests by enabling us to deliver intelligent, connected experiences."
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"Deloitte has long-standing relationships with Salesforce and MuleSoft and looks forward to exploring the innovative ways to harness this combined technology to help clients meet their toughest business challenges," said Jason Girzadas, Deloitte Global Managing Principal, Consulting.
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"Salesforce's purchase of MuleSoft puts the customer right at the heart of digital transformation. Many companies are still lagging due to the difficulty in integrating legacy infrastructure, automating manual and paper-based processes, and managing data growth. MuleSoft will play a starring role in projects for the businesses that still have not formalized digital transformation strategies," said Sheryl Kingstone, Research Director, 451 Research.
MuleSoft's Anypoint Platform and Salesforce Integration Cloud: Connect Every Experience
Companies of every size and industry need to transform how they do business in the digital age to innovate faster, deliver differentiated customer experiences and increase operational efficiency. MuleSoft will continue to build toward its vision for the application network with Anypoint Platform, connecting any application, data source and device—whether it touches Salesforce or not. Anypoint Platform will also be available as part of the Salesforce Integration Cloud, which—along with other complementary tools—will make it easy for customers to surface any data regardless of where it resides to deliver intelligent, connected customer experiences across all channels and touchpoints.
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Salesforce Completes Exchange Offer for MuleSoft Common Stock
SAN FRANCISCO, May 2, 2018 /PRNewswire/ -- Salesforce (NYSE: CRM), the global leader in CRM, today announced the successful completion of its previously announced exchange offer for all of the outstanding shares of Class A common stock and Class B common stock of MuleSoft, Inc. ("MuleSoft"), at a per share price of $36.00 in cash and 0.0711 of a share of Salesforce common stock, together with cash in lieu of any fractional shares of Salesforce common stock, without interest and less any applicable withholding taxes.
The exchange offer expired at 11:59 p.m., New York City Time, on Tuesday, May 1, 2018 and was not extended. As of the expiration of the exchange offer, a total of approximately 74,639,665 shares of Class A common stock of MuleSoft and 37,210,949 shares of Class B common stock of MuleSoft were validly tendered in the exchange offer and not validly withdrawn, representing approximately 83% of the aggregate voting power of the shares of MuleSoft common stock outstanding immediately after the consummation of the exchange offer. All shares that were validly tendered and not validly withdrawn have been accepted by Salesforce for payment in accordance with the terms of the exchange offer.
Salesforce completed the acquisition of MuleSoft today through a second-step merger of a wholly-owned subsidiary of Salesforce with and into MuleSoft, in accordance with Section 251(h) of the General Corporation Law of the State of Delaware. Each remaining share of Class A common stock and Class B common stock of MuleSoft not purchased in the exchange offer (other than shares held in the treasury of MuleSoft and any shares owned by Salesforce, MuleSoft or any of their respective subsidiaries and shares held by any MuleSoft stockholder who has validly exercised its appraisal rights under the General Corporation Law of the State of Delaware) was converted into the right to receive the same $36.00 in cash and 0.0711 of a share of Salesforce common stock, together with cash in lieu of any fractional shares of Salesforce common stock, without interest and less any applicable withholding taxes, that will be paid in the exchange offer. Upon completion of the merger, MuleSoft became a wholly-owned subsidiary of Salesforce.
As a result of the acquisition, shares of Class A common stock of MuleSoft ceased trading prior to the open of the market on May 2, 2018 and will no longer be listed on the New York Stock Exchange.
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