Salesforce has officially agreed to purchase popular cloud-based integration and API management vendor MuleSoft for US$6.5 billion.
MuleSoft, which went public last March, offers the promise of natively connecting apps built on the CRM leader's development platforms with enterprise solutions from other vendors.
MuleSoft shares shot up Tuesday after Reuters reported it was in the late stages of talks with the company. Both MuleSoft and Salesforce are based in San Francisco. Later in the day, the companies announced that both boards had approved a deal.
Salesforce is a MuleSoft customer, along with the likes of Accenture, Coca-Cola, Netflix, and Tesla. The developer's Anypoint Platform supports service-oriented architecture, software-as-a-service integration, and API management to enable customers to secure the flow of data between all systems in the enterprise.
"Together, Salesforce and MuleSoft will enable customers to connect all of the information throughout their enterprise across all public and private clouds and data sources—radically enhancing innovation," Salesforce CEO Marc Benioff said in a prepared statement.
Greg Schott, MuleSoft Chairman and CEO, said, "with the full power of Salesforce behind us, we have a tremendous opportunity to realise our vision of the application network even faster and at scale."
MuleSoft says its Integration platform-as-a-service empowers developers to integrate and orchestrate apps and services across enterprise data centers and cloud environments, connecting nearly every technology in a standardised way.
Most large Salesforce deployments for enterprise customers involve some form of integration solution, and there's an abundance of products on the market.
The deal comes a week after Salesforce agreed to purchase one of its prominent technology partners, CloudCraze, to bolster its Commerce Cloud.