Tech Company M&A Transactions
SteelBrick Acquisition
SteelBrick, based in San Mateo, was acquired by Salesforce. The transaction price was $360 million.
Transaction Overview
Company Name
Acquired By
Announced On
12/24/2015
Transaction Type
M&A
Amount
$360,000,000
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
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
1730 S El Camino Real 580
San Mateo, CA 94402
USA
San Mateo, CA 94402
USA
Phone
Website
Email Address
Not Recorded
Overview
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.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Godard Abel
Chief Marketing Officer
Will Wiegler
Chief Technical Officer
Max Rudman
Controller
Ted Weitzel
VP - Engineering
Michael Hoefer
VP - Operations
Joachim Klein
VP - Sales
Matt Gorniak
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Where The Data Comes From
Our team works diligently to report on every notable VC transaction. VC transactions reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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