Salesforce.com acquired MuleSoft in early 2018 in a $6.5-billion deal that wasn’t fully appreciated by the Street, according to Morgan Stanley. 

Salesforce’s acquisition of MuleSoft addresses the company’s challenge of connecting and utilizing data more efficiently from the legacy platform towards saleforce’s platform, Weiss said in a research report.

The acquisition is also intended to expand salesforce’s value proposition as a broader public and private hybrid cloud environment, the analyst said. The deal comes at a time when digital transformation is a top priority among chief information officers, especially in the areas of customer service, marketing and sales, he said. CLICK for complete article