Salesforce Completes $1.35 Billion Clicksoftware Acquisition
Out of Clicksoftware’s 700 employees, approximately 200 are based in Israel. Following the acquisition, they are expected to join Salesforce’s Israeli research and development outpost
Salesforce.com Inc. has completed its $1.35 billion acquisition of Israeli workforce management software company Clicksoftware Technologies Ltd., the former announced Wednesday. The company first announced the acquisition in August.
Founded in 1979 by Israeli entrepreneur Moshe BenBassat, Massachusetts-headquartered Clicksoftware develops and sells enterprise software, offering task scheduling, resource management, and customer service tools. In 2014, Clicksoftware was acquired by San Francisco-based private equity firm Francisco Partners Management L.P. in a deal valued at approximately $438 million.
Out of Clicksoftware’s 700 employees, approximately 200 are based in Israel. Following the acquisition, they are expected to join Salesforce’s local research and development center.
Salesforce.com chairman and co-CEO Marc Benioff. Photo: Bloomberg
Salesforce’s Israeli operation currently has around 500 employees, boosted by the 400 people it gained following its 2018 acquisition of Israel-based marketing analytics company Datorama Ltd., which was valued at more than $800 million. In May, Salesforce acquired Tel Aviv-based conversational AI startup Bonobo, incorporated as Bonobot Technologies Ltd., in a deal estimated at $50 million.