(Reuters) - Salesforce.com Inc (CRM.N) is in advanced discussions to acquire U.S. software maker MuleSoft Inc (MULE.N), people familiar with the matter told Reuters on Tuesday, as it looks to expand its offerings beyond customer relationship management software.
The acquisition, which could be worth more $6 billion, would be Salesforce’s biggest ever deal, illustrating Chief Executive Marc Benioff’s push to supplement the company’s cloud-based portfolio with new technology.
A deal could be announced as soon as this week, the sources said, cautioning that negotiations had not been finalized and that an agreement was not certain.
The sources asked not to be identified because the negotiations are confidential. Salesforce and MuleSoft declined to comment.
MuleSoft shares jumped more than 20 percent to $39.88 after Reuters reported the talks, giving the company a market value of $5.3 billion. Salesforce shares were up 0.3 percent at $125.31.
Based in San Francisco, MuleSoft makes software that automatically integrates disparate data, devices and applications to help companies’ networks run faster. It could help Salesforce win business from customers who are not yet ready to transition their systems to the cloud.
Salesforce Ventures, the company’s venture capital arm, led a $128 million funding round in MuleSoft in 2015.
Salesforce holds more than 18 percent of the global customer relationship management software market, followed by Oracle Corp (ORCL.N) with 9.4 percent, according to 2016 figures provided by research firm IDC.
Reporting by Liana B. Baker and Greg Roumeliotis in New York; Additional reporting by Stephen Nellis in San Francisco; Editing by Bill Rigby