Salesforce Acquires RelateIQ for $390,000,000

  • Feed Type
  • Date
    7/11/2014
  • Company Name
    RelateIQ
  • Mailing Address
    502 Emerson St. Palo Alto, CA 94301 USA
  • Company Description
    The company launched its public beta in 2013 with a mission to help people build better relationships and make smarter decisions. The RelateIQ relationship intelligence platform has been crushing inefficiency (and monotony) for savvy professionals ever since.
  • Website
    http://www.relateiq.com
  • Transaction Type
    M&A
  • Transaction Amount
    $390,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the Merger Agreement, upon consummation of the acquisition, (i) all outstanding shares of RelateIQ capital stock will be cancelled and converted into shares of the Company’s common stock with an aggregate value equal to $350 million, plus the amount of RelateIQ’s cash balance on August 1, 2014 (which is currently anticipated to be approximately $40 million), subject to customary adjustments, and (ii) unvested stock options and other equity awards of RelateIQ will be assumed by the Company. As a result, if the acquisition is consummated, the Company expects to issue between approximately 6.2 million and 7.6 million shares of Company common stock in exchange for the outstanding shares of RelateIQ capital stock.

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