Salesforce to acquire MuleSoft for $6.5B

Salesforce has entered into an agreement with MuleSoft to acquire the enterprise for $6.5 billion. MuleSoft makes a platform that helps Fortune 500 companies stitch together disparate software applications, data, and devices.

Salesforce will pay $44.89 per share for Mulesoft, a 36 percent premium — each Mulesoft share will equal $36 in cash and 0.0711 shares of Salesforce common stock, the companies said.

Marc Benioff, Chairman and CEO, Salesforce said, "Every digital transformation starts and ends with the customer. Together, Salesforce and MuleSoft 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 customer experiences."

"MuleSoft will continue to build toward the company's vision of the application network with Anypoint Platform, and MuleSoft will power the new Salesforce Integration Cloud, which will enable all enterprises to surface any data—regardless of where it resides—to drive deep and intelligent customer experiences throughout a personalized 1:1 journey," he further added.

MuleSoft had one of the best opening IPO days of 2017 when it went public a year ago on the New York Stock Exchange. Prior to its public offering, MuleSoft raised money from Salesforce Ventures. "With the full power of Salesforce behind us, we have a tremendous opportunity to realize our vision of the application network even faster and at scale. Together, Salesforce and MuleSoft will accelerate our customers' digital transformations enabling them to unlock their data across any application or endpoint," Greg Schott, MuleSoft chairman and CEO, said.

The transaction is expected to close in the second quarter of Salesforce’s fiscal year 2019, ending July 31, 2018.