Published:  12:22 PM, 09 August 2019

US software giant Salesforce buys Israeli company for 1.35 bln USD

US software giant Salesforce buys Israeli company for 1.35 bln USD


The US software giant Salesforce signed an agreement to acquire the Israeli workplace management company Clicksoftware with 1.35 billion U.S. dollars, the two companies announced Thursday.

Clicksoftware, founded in 1996, produces and markets resource management software in customer service systems.

Salesforce, a leading global company in customer relations management, was founded in 1999 and employs about 30,000 people worldwide.

Salesforce develops cloud computing solutions for the business sector, with emphasis on solutions for sales, customer relations and business services.

Following the deal, Salesforce is expected to expand its development center in Israel's coastal city of Tel Aviv.

The biggest benefit of the deal is the U.S. private equity firm Francisco Partners, which acquired Clicksoftware in 2015 for 438 million dollars.

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