Salesforce’s £4.6bn MuleSoft Buy Underscores The Rise Of Data

CloudWorkspace

Salesforce said it would use MuleSoft’s application network platform to power its own Integration Cloud

Salesforce said it would use technology acquired from cloud platform vendor MuleSoft in its own Integration Cloud, which aims to bring companies’ data together from wherever the information may reside.

The company said it would acquire MuleSoft in a deal worth $6.5 billion (£4.6bn) that was confirmed after markets closed on Tuesday night.

The scale of the acquisition underscores the growing importance of data across cloud and on-premise locations, as well as the huge amounts of information generated by internet-connected devices.

MuleSoft makes a platform for building application networks that connect enterprise applications, data and devices, across cloud and on-premise data centres. Its customers include Coca-Cola, Barclays and Unilever.

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Salesforce said MuleSoft would continue to develop its technology with its flagship Anypoint Platform, which will now also power the Salesforce Integration Cloud.

Salesforce said its upcoming integration product will aim to allow enterprises to bring together data from varied sources to interact with customers in a personalised way.

“Together, Salesforce and Mulesoft will enable customers to connect all of the information throughout their enterprise across all public and private clouds and data sources — radically enhancing innovation,” said Salesforce chief executive Marc Benioff.

Greg Shott, head of MuleSoft, said Salesforce’s backing would help the company realise its plans for application networks “even faster and at scale”.

The deal represents a 36 percent premium on MuleSoft’s Monday closing share price.

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