Salesforce Acquires SteelBrick for $360,000,000

Company Information

Company
SteelBrick

Website

http://www.steelbrick.com

Location
1730 S El Camino Real San Mateo, CA 94402

Description
SteelBrick provides easy-to-use Configure-Price-Quote (CPQ) apps for high-growth salesforce.com customers. SteelBrick CPQ is 100% native on Salesforce, so users can create accurate and professional sales quotes quickly and error-free, without leaving the Sales Cloud.

Transaction Details

  • Date – 12/24/2015
  • Transaction Type – M&A
  • Transaction Amount – $360,000,000
  • Transaction Round
  • M&A Terms – Under the terms of the Merger Agreement, upon consummation of the acquisition, the Company will issue shares of Company common stock and assume stock options and other equity awards of SteelBrick for an aggregate consideration valued at approximately $360 million ($300 million net of cash acquired) after deducting consideration attributable to Salesforce Ventures’ existing investment in SteelBrick, subject to customary purchase price adjustment