InvestorGreg
News
Salesforce Intends to Merge Clicksoftware, an Israeli Company, for $1.5 billion

Salesforce Intends to Merge Clicksoftware, an Israeli Company, for $1.5 billion

Published by InvestorGreg Editorial Team

January 16th, 2019

Salesforce, an American corporation, intends to merge Clicksoftware, an Israeli company.

The Israeli economic publications Globes and Calcalist reported about the negotiations. According to sources close to the deal, the takeover amount could reach $1.5 billion.

Clicksoftware offers a full range of mobile personnel management solutions from a single platform. Bell, BestBuy, Bosch, Caterpillar, Deutsche Telekom, Electrolux, Ericsson, Konica Minolta, Orange, Philips, Ricoh, Vodafone, Xerox, etc. are among the Company’s customers.

In 2015, Clicksoftware was merged by Francisco Partners, a US investment fund, for $438 million.

Clicksoftware was established in 1979. At present day, the Company has more than 650 employees, of which 200 are located in Israel.

It should be recalled that in July 2018, Salesforce merged Datorama, an Israeli startup company, for $850 million.

About the author

InvestorGreg Editorial Team

The InvestorGreg Editorial Team is a group of financial writers and analysts who cover the worlds of finance and investment. Read more

Recommended Financial Products

Fidelity

A household name, Fidelity has always been known to be a reputable investment firm. In our Fidelity Broker Review, we will examine some of the pros and cons of this broker as well as the fees charged by the broker.

Fidelity Review

Charles Schwab

Charles Schwab has been one of the leading full-service brokers for decades. They have more than $3 trillion in client assets and there are more than 10.5 million active brokerage accounts.

Charles Schwab Review

E*TRADE

ETrade is a broker that has long been at the forefront of online trading. They made their first online trade in 1982. Let’s take a look at the broker offering and see if they are right for you.

E*TRADE Review

Vanguard

Vanguard Brokerage, an excellent choice of broker for low cost longterm investment. The broker offers the lowest expense ratio for index funds and ETF's.

Vanguard Review

Full list of recommended

Suggested For You

Global Payments and Total System Services Merged MAY 29, 2019 Global Payments and Total Systems Services, US payment services, concluded a merger agreement. It is planned to close the deal in the fourth quarter of 2019.

Alphabet Completed 4th Quarter with Net Profit FEB 6, 2019 Alphabet Inc., an American Holding Company owned by Google, made a net profit and revenue in the fourth quarter of 2018 above expectations, but its shares fell down.

Buffett Increased His Stake in Banks and Reduced His Share in Apple FEB 18, 2019 Legendary Warren Buffett, the Head of Berkshire Hathaway Investment Holding, took advantage of the fall in bank shares to further increase his stake on the financial sector while reducing the giant stake in Apple.

Ranking of the Most Profitable Companies in 2018 APR 2, 2019 Rating agency FitchRatings published a ranking of the most profitable companies in the world. SaudiAramco, a national oil company of Saudi Arabia, became the most profitable company in the world in 2018.