Salesforce's Marc Benioff defends his contract with Tableau

Salesforce CEO Marc Benioff on Monday defended his largest acquisition of CNBC's Mad Money.

The stock fell 8% during the session before reducing losses and falling by 5.26%. Salesforce announced Monday the purchase of the Tableau data visualization company for a $ 15.3 billion stock.

"Table did not want our money, but our capital, because they know that the company we create together represents true value," Benioff told Jim Cramer in an interview. "We would have been more than happy to give them the motto that they wanted, but in the end, they want our actions and, hey, I can not blame them."

Salesforce, which offers a cloud-based customer relationship management platform, is growing strongly to help customers in the digital transformation. Benioff said that the merger between the two software companies would help it carry out the third stage of its development.

The first two cornerstones, he said, are the integration of customers and data, which was facilitated by the purchase of Mulesoft by the company, in 2018, accounting for 6.5 billion of dollars.

"There is no more formidable company in this category than Tableau, whose mission is to make sure the world can see and understand the data, and that's what we're passionate about too. "said Benioff.

Salesforce's stock price dropped more than $ 8 during the session after investors learned that the contract with Tableau was going to reduce the profits of the 2020 fiscal year.

Table, on the other hand, saw its shares hit an all-time high of $ 173.37 before settling around $ 167. The stock gained 33.70% during the session.

Disclosure: Cramer Charitable Trust owns shares of Salesforce.com.