San Francisco-based customer relations management software giant Salesforce has signed a definitive agreement to acquire ClickSoftware for $1.35 billion.
ClickSoftware was founded in 1997 by Israeli entrepreneur Moshe BenBassat and provides mobile workforce management solutions to the service industry.
Now headquartered in Massachusetts, the company has a large research-and-development center in Petah Tikva. Calcalist reported that those 200 employees will be absorbed into Salesforce’s own Israeli R&D center.
“By joining Salesforce, we will be able to further power mission-critical applications for global service leaders like Bosch, Deutsche Telekom, Ericsson, National Grid, PG&E and Unisys as well as offer a wider range of capabilities, and deliver improved efficiency, effectiveness and customer experiences to an even broader global audience,” said ClickSoftware CEO Mark Cattini.
The acquisition is expected to close during Salesforce’s fiscal quarter ending October 31, subject to customary closing conditions.
Previous Salesforce acquisitions in Israel include Datorama and Bonobo AI.