Salesforce Acquires SteelBrick for $360,000,000

  • Feed Type
  • Date
    12/24/2015
  • Company Name
    SteelBrick
  • Mailing Address
    1730 S El Camino Real San Mateo, CA 94402 USA
  • Company 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.
  • Website
    http://www.steelbrick.com
  • Transaction Type
    M&A
  • Transaction Amount
    $360,000,000
  • Transaction Round
  • Proceeds Purposes
  • 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