February 28, 2020
Salesforce Has Signed a Definitive Agreement to Acquire Vlocity for $1.33 Billion
The Technology team advised Vlocity, Inc., in a definite agreement to be acquired by Salesforce for approximately $1.33 billion, net of the value of shares currently owned by Salesforce, subject to customary purchase price adjustments.
Vlocity is a leading provider of industry-specific cloud and mobile software built natively on the Salesforce platform. Salesforce is a global leader in Customer Relationship Management (CRM).
Upon the close of the transaction, Vlocity will become part of Salesforce. The purchase price will be paid in cash and the assumption of outstanding unvested equity awards held by Vlocity employees.
The Goodwin team was led by Lawrence Chu, Nathan Hagler, Dan Espinoza, Leilani Lipa and Sandy de Sauvage.
For more details, read Vlocity’s blog and Salesforce’s earnings release.