M&A Deal Summary

Salesforce Acquires Quip

On August 1, 2016, Salesforce acquired internet software and services company Quip for 750M USD

Acquisition Highlights
  • This is Salesforce’s 22nd transaction in the Internet Software and Services sector.
  • This is Salesforce’s 10th largest (disclosed) transaction.
  • This is Salesforce’s 34th transaction in the United States.
  • This is Salesforce’s 22nd transaction in California.

M&A Deal Summary

Date 2016-08-01
Target Quip
Sector Internet Software and Services
Buyer(s) Salesforce
Deal Type Add-on Acquisition
Deal Value 750M USD

Target

Quip

San Francisco, California, United States
Quip, Inc. is a cloud based word processing app. Quip was formed in 2012 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Salesforce

San Francisco, California, United States

Category Company
Founded 1999
Sector Internet Software and Services
Employees76,453
Revenue 37.9B USD (2025)
DESCRIPTION
Salesforce office in downtown Chicago, Illinois.
Salesforce office in downtown Chicago, Illinois.

Salesforce is a provider of enterprise cloud computing solutions. The Company's four core services include Sales Cloud, Service Cloud, Marketing Cloud and the Salesforce Platform. Salesforce delivers solutions as a service via all the major Internet browsers and on most major mobile device operating systems. Salesforce was founded in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 41 of 65
Sector: Internet Software and Services M&A 22 of 33
Type: Add-on Acquisition M&A Deals 40 of 64
State: California M&A 22 of 31
Country: United States M&A 34 of 52
Year: 2016 M&A 6 of 10
Size (of disclosed) 10 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 Coolan

San Mateo, California, United States

Coolan is a data-driven, community-based software platform that provides actionable insights about how your data center environment is performing. Coolan is based in San Mateo, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 BeyondCore

San Mateo, California, United States

BeyondCore, Inc. is a provider of software as a services data analytics software. BeyondCore is a business intelligence platform that delivers one-click automated business analytics solutions.

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