salesforce.com’s $1.33 Billion Acquisition of Vlocity, Inc

Sidley Austin LLP advised salesforce.com in its definitive agreement to acquire Vlocity, Inc. Goodwin Procter LLP Vlocity, Inc.

salesforce.com announced in entere into an agreement to o acquire Vlocity, Inc., a leading provider of industry-specific cloud and mobile software built natively on the Salesforce platform. Under the terms of the agreement, the Company will acquire Vlocity for approximately $1.33 billion, net of the value of shares currently owned by the Company, subject to customary purchase price adjustments. The purchase price will be paid in cash and the assumption of outstanding unvested equity awards held by Vlocity employees. The acquisition is expected to close during the second quarter fiscal 2021, subject to customary closing conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The anticipated financial impact of the Vlocity acquisition is reflected in the Company’s revenue, non-GAAP earnings per share, and operating cash flow guidance for the full fiscal year 2021, provided herein.

The Sidley team was led by John Fisher (Picture) and included Sara Carian, Nick DeAngelis, Matthew Johnson, Kate Heinzelman, Stephen Fronk.

The Goodwin team was led by Lawrence Chu, Nathan Hagler, Sarah Axtell, Dan Espinoza, Leilani Lipa, Sandy de Sauvage and Sherrie Quinn.

Involved fees earner: Sarah Axtell – Goodwin Procter; Lawrence Chu – Goodwin Procter; Sandy de Sauvage – Goodwin Procter; Daniel Espinoza – Goodwin Procter; Nathan Hagler – Goodwin Procter; Leilani Lipa – Goodwin Procter; Sherrie Quinn – Goodwin Procter; Sara Carian – Sidley Austin LLP; Nick DeAngelis – Sidley Austin LLP; John Fisher – Sidley Austin LLP; Stephen Fronk – Sidley Austin LLP; Kate Heinzelman – Sidley Austin LLP; Matthew Johnson – Sidley Austin LLP;

Law Firms: Goodwin Procter; Sidley Austin LLP;

Clients: salesforce.com, inc.; Vlocity;