![]() The events of this year have greatly accelerated the move by companies and governments to an all-digital world, where work happens wherever people are-whether they’re in the office, at home or somewhere in between. Personally, I believe this is the most strategic combination in the history of software, and I can’t wait to get going.” Acquisition to create the operating system for the new way to work “As software plays a more and more critical role in the performance of every organization, we share a vision of reduced complexity, increased power and flexibility, and ultimately a greater degree of alignment and organizational agility. The opportunity we see together is massive,” said Stewart Butterfield, Slack CEO. “Salesforce started the cloud revolution, and two decades later, we are still tapping into all the possibilities it offers to transform the way we work. I’m thrilled to welcome Slack to the Salesforce Ohana once the transaction closes.” Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world. ![]() “Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” said Marc Benioff, Chair and CEO, Salesforce. The combination will create the operating system for the new way to work, uniquely enabling companies to grow and succeed in the all-digital world. Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on November 30, 2020.Ĭombining Slack with Salesforce Customer 360 will be transformative for customers and the industry. Slack went public in June 2019 with a direct listing, but its shares have traded below the initial offering price as the company didn’t catch fire with investors in the way collaboration companies like Zoom Communications have during the COVID pandemic.Salesforce and Slack have entered into a definitive agreement under which Salesforce will acquire Slack. Personally, I believe this is the most strategic combination in the history of software, and I can’t wait to get going.”īutterfield founded Slack in 2009, and the company reportedly has rebuffed previous acquisition overtures from Google, Microsoft and Amazon. As software plays a more and more critical role in the performance of every organization, we share a vision of reduced complexity, increased power and flexibility, and ultimately a greater degree of alignment and organizational agility. I’m thrilled to welcome Slack to the Salesforce Ohana once the transaction closes.”īutterfield added, “The opportunity we see together is massive. “Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world. “Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” Benioff said in a statement. Salesforce chair and CEO Marc Benioff called the proposed takeover of Slack a “match made in heaven.” Salesforce customers in the media and entertainment space include NBCUniversal, Spotify, Pandora, Activision Blizzard, EA and Vox Media. ![]() “Slack, despite facing stiff competition from Microsoft, has been a clearly successful solution set further penetrating enterprises and thus looks like the natural fit for Salesforce to beef up its collaboration and messaging footprint and keep pace with Nadella & Co.,” Ives wrote in a research note. The core driver of the deal was to help Salesforce compete with Microsoft’s Azure/Office 365 cloud stack and Microsoft Teams enterprise collaboration solution, according to Wedbush Securities analyst Dan Ives. ![]()
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