New York (CNN Business)Here's another sign of how hot cloud computing and Big Data are right now: Salesforce announced plans Monday to buy Tableau Software in a $15.7 billion all-stock deal.
"Tableau helps people see and understand data, and Salesforce helps people engage and understand customers," Salesforce CEO Marc Benioff said in a statement.
Tableau shareholders will get 1.103 shares of Salesforce, according to the companies.
News of the acquisition sent Tableau (DATA) shares up 34% for the day, while Salesforce (CRM) fell 5%.
The deal comes just a few days after Alphabet (GOOGL) said it has agreed to acquire Looker, a business intelligence platform, for $2.6 billion in cash. The move will help bolster Google's cloud computing division by providing customers with more powerful data analytics.
