"Together, Slack and Salesforce Customer 360 will give every company in the world a single source of truth for their business and a single platform for connecting employees, customers, and partners with each other and the apps they use every day." "We've learned over the past year that the workplace isn't snapping back to the way it was," said Bret Taylor, President and Chief Operating Officer of Salesforce. "Together we'll define the future of enterprise software, creating the digital HQ that enables every organization to deliver customer and employee success from anywhere." "We couldn't be more excited to have Slack as part of the Salesforce family, combining the #1 CRM and the trailblazing digital platform for the work anywhere world," said Marc Benioff, Chair and CEO of Salesforce. Ultimately Salesforce would do the same thing to Slack, what Microsoft did to Teams-bringing in a huge existing customer base to drive growth & profitability.SAN FRANCISCO, J/PRNewswire/ - Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. Slack joining forces with Salesforce could easily help them scale up to more high-paying corporate customers that could make them a sustainably profitable business. On the other hand, Salesforce is one of the world’s biggest seller of software and has strong relations with enterprise customers through its CRM software. Having a large existing customer base, Microsoft has been able to quickly scale Teams, as Slack slowly tries to catch up with the tech behemoth. Microsoft Teams boasts more than 115 million daily active users while Slack only has a fraction of that (12 million dau), despite being launched years ago. It still remains unclear when the popular messaging tool will turn a profit or will it ever? 🤐
Despite having an impressive growth in paid customers, Slack still expects to post a net loss this year. Slack has blamed the slowdown on some of its small business customers being hurt by COVID-19. TfzV9tBzAWĪmid the rampant shift to work from home, investors expected a better-than-before earnings report but were instead disappointed to see a mediocre performance. $WORK halted for volatility after spiking 7%. Here are some of my thoughts on why this is a great deal for Slack.īREAKING: Salesforce has recently been in talks to buy Slack Technologies, Dow Jones reports. If you are quite surprised by the news, Slack's CEO Stewart Butterfield almost gave it away a month back 🧐. WSJ reports that Salesforce is currently in advanced talks to buy Slack- a deal that would value Slack at more than $17 billion and go down as Salesforce’s largest acquisition ever.
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