Tech Company M&A Transactions
RelateIQ Acquisition
RelateIQ was purchased by Salesforce. The transaction was announced on 7/11/2014. Salesforce said the transaction price was $390 million.
Transaction Overview
Company Name
Acquired By
Announced On
7/11/2014
Transaction Type
M&A
Amount
$390,000,000
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.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
502 Emerson St.
Palo Alto, CA 94301
USA
Palo Alto, CA 94301
USA
Phone
Website
Email Address
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Steve Loughlin
Chief Technical Officer
Adam Evans
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Where The Data Comes From
Our team works diligently to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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