Salesforce to Acquire ClickSoftware

Aug 08, 2019 • Software & AppsNewsMergers and AcquisitionsNews Software and AppsClickSoftwareSalesforce

Cloud-based software firm will purchase Israeli tech outfit to boost service offering.

Salesforce will acquire Click Software in a deal worth $1.5 billion that is expected to complete in the Autumn.

The acquisition will boost Salesforce's service offering, Service Cloud, which, according to the company's June financial statement, has earned the company $1 billion in revenue.

Salesforce's Bill Patterson says that end-uses will ultimately benefit from the purchase. “Our acquisition of ClickSoftware will not only accelerate the growth of Service Cloud, but drive further innovation with Field Service Lightning to better meet the needs of our customers," the EVP and GM of Service Cloud commented.

Israeli outfit Click Software were founded in 1997, going public in 2000 and were purchased 15 years later by private equity firm Francisco Partners for $438 million.