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Salesforceon Tuesday confirmed that it plans to acquire the data integration company MuleSoft. The deal, expected to close during Salesforce's second quarter, is worth $6.5 billion.
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Founded in 2006, MuleSoft went public last year and has more than 1,200 customers including Coca-Cola, Barclays, and Unilever. The data integration company offers Salesforce the API connections and IoT end points that keep data flowing. This would complement Salesforce's heavy investments in AI-powered tools that analyze and glean insights from data.
"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 CEO Marc Benioff in a statement.
MuleSoft will power the new Salesforce Integration Cloud, Tuesday's announcement said, which will enable enterprises to surface data "to drive deep and intelligent customer experiences throughout a personalized 1:1 journey."
Salesforce went on a buying spree in 2016, acquiring several companies including Krux and Quip, and it has since purchased a few other companies, including CloudCraze.