Salesforce At Second Eclipse we use both Salesforce and Slack, and believe this acquisition is going to be great for B2B companies focused on growth. Slack serves leading organizations in every industry around the world, from the fastest growing startups to Fortune 500 companies, such as Starbucks, Target and TD Ameritrade, along with leading academic institutions, non-profits, and governments in more than 150 countries. Slack has transformed the way we work with its trailblazing digital platform for business communication, which is used by millions of people around the world and enables entire organizations to work far more efficiently and effortlessly. The opportunity we see together is massive, said Stewart Butterfield, Slack CEO and Co-Founder. "In Q2, Slack's revenue grew 39% year-over-year on a stand-alone basis, which excludes any impact of purchase accounting. The definitive proxy statement/prospectus (if and when available) will be mailed to stockholders of Salesforce and Slack. Its the leading channel-based messaging platform, used by millions to align their teams, unify their systems, and drive their businesses forward. The forward-looking statements included in this communication are made only as of the date hereof. The agency's antitrust division did not share specifics about what information was requested. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of Salesforce or Slack stock. Slack Technologies: Ambitious Acquisition By Salesforce.Com, Further Long-Term Upside Envisaged Jun. IBMs 380,000 employees are working together in Slack, with numerous workflows across Salesforce Sales Cloud and Service Cloud powering customer success across locations and time zones. Slack and the Slack logo are trademarks of Slack Technologies, Inc. or its subsidiaries in the U.S. and/or other countries. That's exactly what the combination of Salesforce and Slack is all aboutcreating the business operating system for the new world of work. Salesforce has announced that they will purchase Slack, the highly popular business communication platform that revolutionized virtual workspaces, for $27.7B. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Other names and brands may be claimed as the property of others. Salesforce will create a modern workspace that enables collaboration, communities, communications, CRM functionality, customer experience, and AI in an ecosystem that will welcome other integrations to extend enterprise functionality, said Wayne Kurtzman, IDC Research Director for Social, Communities, and Collaboration. The total enterprise value of the proposed acquisition has been pegged at $27.7 billion. Information about the directors and executive officers of Salesforce, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Salesforces proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on May 1, 2020, and Salesforces Annual Report on Form 10-K for the fiscal year ended January 31, 2020, which was filed with the SEC on March 5, 2020, as well as in a Form 8-K filed by Salesforce with the SEC on June 1, 2020. ir@Slack.com, Or, connect with Investor Relations at 1-415-536-6250, Salesforce Signs Definitive Agreement to Acquire Slack, https://www.businesswire.com/news/home/20201201006156/en/. Now again, the king of CRMs has made their biggest ever acquisition in the form of Slack for a whopping $27.7. 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 have a once-in-a-generation opportunity to rethink and reshape how and where we work, said Stewart Butterfield, Slack CEO and Co-Founder. Later that year, Salesforce announced it was buying Slack for $27.7 billion, its biggest acquisition to date. Investor Relations Cloud computing company Salesforce is acquiring workplace messaging platform Slack in a $27.7 billion megadeal. Investor Relations The definitive proxy statement/prospectus (if and when available) will be mailed to stockholders of Salesforce and Slack. Following the completion of the antitrust probe, Salesforce now anticipates to close Slack's acquisition on or about Jul 21. Salesforce first announced that it would acquire Slack in December 2020 for $27.7 billion, a purchase widely seen as a play for a workplace collaboration market experiencing pandemic-accelerated . Why is Slack such a great move for Salesforce? These risks, as well as other risks related to the proposed transaction, will be included in the registration statement on Form S-4 and proxy statement/prospectus that will be filed with the Securities and Exchange Commission (SEC) in connection with the proposed transaction. This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Various trademarks held by their respective owners. Qatalyst Partners LP and Goldman Sachs & Co LLC are serving as financial advisors to Slack. Personally, I believe this is the most strategic combination in the history of software, and I cant wait to get going., Acquisition to Create the Operating System for the New Way to Work. SAN FRANCISCO Salesforce said on Tuesday that it would buy the workplace software company Slack for $27.7 billion in cash and stock, the latest in a wave of deals as the coronavirus pandemic. 415-819-2987 With the acquisition finalized, Salesforce plans to deliver what it's calling digital headquarters (HQs), which will make Slack the user interface for all Customer 360 products, allowing users to use Slack to connect with fellow employees, customers, and . These are the details. HOME > Slack TOP > > Slack. Salesforce's Financials Salesforce's revenues for the third quarter grew 20% to $5.42 billion, above. This was the largest acquisition Salesforce had made to date and many argued it paid too dearly for Slack. As part of Salesforce, Slack will be positioned to accelerate and extend its mission to make work life simpler, more pleasant, and more productive. The acquisition was in process for a long time, and the deal concluded on 21st July 2021. Salesforce today announced that it closed the acquisition, value at $27.7 billion. A few days later, Salesforce confirmed that it would offer a combined cash and stock package worth about $27 Bn to acquire Slack, which would make it the 2 nd largest software company. Copies of the documents filed with the SEC by Slack will be available free of charge on Slacks website at investor.slackhq.com or by contacting Slacks Investor Relations department at ir@slack.com. A Salesforce spokesperson told in a company statement to TechCrunch today, "Stewart is an incredible leader who created an amazing, beloved company in Slack. Cross-sell Slack to Salesforce's existing customer base (150k+ companies) Bundle Slack when selling to new Salesforce customers (free / discounted) This is mutually beneficial for Salesforce, because it'll increase retention and average contract value / ARPA for these customers who opt to buy Slack. Salesforce spent $4.6 billion on marketing and sales in the first half of the year, about 47% of its $10 billion in revenues for the same time frame. Salesforce and Slack coming together will help us become more connected, more productive, and more innovative so we can better serve our clients.. Slack shared details of the $27.7 billion acquisition on. Headquarters are no longer on Madison Avenue or Main Streetthey are in the cloud. Butterfield is leaving Salesforce, the company that acquired Slack for $27.7 billion last year, after less than two years at Salesforce. At the end of Q2, Slack had 169K paid subscribers, but that's not an apple-to-apple comparison with Teams' 250K monthly active users, including paid and unpaid subscribers. This document is not a substitute for the proxy statement/prospectus or registration statement or any other document that Salesforce or Slack may file with the SEC. Salesforce is buying workplace messaging app Slack for $27.7 billion, marking the largest acquisition in the San Francisco-based cloud-based company's history. With the largest enterprise app ecosystem, the Salesforce platform is the easiest way to build and deliver apps to connect with customers in a whole new way. Slack brings people, data and tools together so teams can collaborate and get work done, from anywhere. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." They also said that Slack will become the new interface of . We're having trouble. Salesforce's $27.7 billion acquisition of Slack could be a win for subscribers of the popular business messaging platform. ", Acquisition to Create the Digital HQ for Success from Anywhere. Various trademarks held by their respective owners. Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. The combination of Salesforce and Slack also brings together two of the software industrys most dynamic communities, creating an open and extensive ecosystem that will deliver the next generation of digital-first apps and workflows for business. Slack will continue to operate under the Slack brand, driving forward a continued focus on its mission, customers and community. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. The opportunity we see together is massive, said Stewart Butterfield, Slack CEO and Co-Founder. Each of Salesforce and Slack may also file other relevant documents with the SEC regarding the proposed transaction. Various trademarks held by their respective owners. ", "We are obsessed with continually delighting our clients, and offering them the best experience and value across every interaction," said Arvind Krishna, Chairman and CEO of IBM. Why did Salesforce buy Slack? Forward-looking statements relate to, among other things, future events and anticipated results of operations, business strategies, the anticipated benefits of the transaction, the anticipated impact of the transaction on the combined companys business and financial and operating results, the expected amount and timing of synergies from the transaction, and other aspects of Salesforces operations or operating results. Slack Slack will continue to be led by CEO and Co-Founder Stewart Butterfield. The forward-looking statements included in this communication are made only as of the date hereof. Investors and security holders will be able to obtain free copies of the registration statement and proxy statement/prospectus (if and when available) and other documents containing important information about Salesforce, Slack and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC athttp://www.sec.gov. Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE. This communication relates to a proposed business combination transaction between Salesforce.com, Inc. (Salesforce) and Slack Technologies, Inc. (Slack). This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Slack and the Slack logo are trademarks of Slack Technologies, Inc. or its subsidiaries in the U.S. and/or other countries. I could not be more excited for whats to come., We are obsessed with continually delighting our clients, and offering them the best experience and value across every interaction, said Arvind Krishna, Chairman and CEO of IBM. As part of Salesforce, Slack will be positioned to accelerate and extend its mission to make work life simpler, more pleasant and more productive. Further information on these and other risks and uncertainties relating to Salesforce can be found in its reports filed on Forms 10-K, 10-Q and 8-K and in other filings Salesforce makes with the Securities and Exchange Commission from time to time and available at www.sec.gov. The solution enables organisations to better leverage the tools without having to . This is a match made in heaven. These documents are also available under the Financials heading of the Investor Relations section of Salesforces website at www.salesforce.com/investor. Thats exactly what the combination of Salesforce and Slack is all aboutcreating the business operating system for the new world of work. for a $10.0 billion senior unsecured 364-day bridge loan facility, subject to customary conditions. 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. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. FAQs About Salesforce's Acquisition of Slack, The Future of Work at Salesforce: Digital, Human and Connected, Sign up to get news alerts, behind-the-scenes insights, and research from Salesforce News & Insights, By subscribing, you confirm that you agree to the processing of your personal data by Salesforce as described in the Privacy Statement, Copyright 2022 Salesforce, inc.All rights reserved. Personally, I believe this is the most strategic combination in the history of software, and I cant wait to get going.. Together, Salesforce and Slack are creating the digital HQ for success from anywhere. Slack will continue to operate under the Slack brand, driving forward a continued focus on its mission, customers, and community. Additional Information about the Merger and Where to Find It. On Tuesday, August 17, 10:00 a.m. PT/1:00 p.m. ET/6:00 p.m. BST, Salesforce President and COO Bret Taylor and Slack CEO and Co-Founder Stewart Butterfield will host an event to share more about how the two companies are creating a powerful platform for the digital-first, work anywhere world. We believe there are 6 key reasons for the acquisitions during the stream: Stewart Butterfield joins the Salesforce leadership team. Salesforce and Slack had announced their entry into a. This is a once-in-a-generation opportunity to rethink and reshape everything about how and where we work. Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined companys business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated closing date for the proposed transaction and other aspects of our operations or operating results. For Q2, Slack's standalone revenues stood at $273.4M, up 36% Y-o-Y. Headquarters are no longer on Madison Avenue or Main Streetthey are in the cloud. Slack has transformed the way we work with its pioneering digital platform for business communication, which is used by millions of people around the world and enables entire organizations to work far more efficiently and effortlessly. As part of Salesforce, Slack will be positioned to accelerate and extend its mission to make work life simpler, more pleasant, and more productive. Salesforce expects to fund the cash portion of the transaction consideration with a combination of new debt and cash on Salesforces balance sheet. Copies of the documents filed with the SEC by Salesforce will be available free of charge on Salesforces website atwww.salesforce.com/investoror by contacting Salesforces Investor Relations department atinvestor@salesforce.com. Salesforce, Slack and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. If Salesforce acquires Slack, it would finally gain momentum in the rivalry against Microsoft. News of Butterfield's departure, announced in a Slack . Salesforce has completed its $27.7 billion acquisition its biggest one to date of business messaging app Slack. Pros The reasons Slack is a critical acquisition for Salesforce As the self-proclaimed "#1 CRM platform in the world," Salesforce has expanded beyond marketing and sales into eCommerce and IT. This strategy effectively produces a moat around their products by leveraging network effects. Founded by former Oracle executive Marc Benioff, Salesforce quickly grew into one of the largest companies in the . They need to deliver connected experiences for their customers across every touchpoint and enable their employees to work seamlessly wherever they are. Information about the directors and executive officers of Slack, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Slacks proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on May 5, 2020, and Slacks Annual Report on Form 10-K for the fiscal year ended January 31, 2020, which was filed with the SEC on March 12, 2020. These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the effect of the announcement of the merger on the ability of Salesforce or Slack to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Salesforce or Slack do business, or on Salesforces or Slacks operating results and business generally; risks that the merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the outcome of any legal proceedings related to the merger; the ability of the parties to consummate the proposed transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of Salesforce to successfully integrate Slacks operations; the ability of Salesforce to implement its plans, forecasts and other expectations with respect to Salesforces business after the completion of the transaction and realize expected synergies; and business disruption following the merger. Latham & Watkins LLP and Goodwin Procter LLP are serving as legal counsel to Slack. Im thrilled to welcome Slack to the Salesforce Ohana once the transaction closes., 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. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. These forward-looking statements generally can be identified by phrases such as will, expects, anticipates, foresees, forecasts, estimates or other words or phrases of similar import. Neither Salesforce nor Slack undertakes any obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. By comparison, Slack spent $219 million on. On Tuesday, August 17, 10:00 a.m. PT/1:00 p.m. ET/6:00 p.m. BST, Salesforce President and COO Bret Taylor and Slack CEO and Co-Founder Stewart Butterfield will host an event to share more about how the two companies are creating a powerful platform for the digital-first, work anywhere world. 2 min read Software giant Salesforce ( CRM) officially closed on its. SAN FRANCISCO--(BUSINESS WIRE)-- You can tune into the event here. Salesforce needs Slack to compete with Microsoft Teams. and JPMorgan Chase Bank, N.A. 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. Slacks open platform seamlessly integrates with more than 2,400 apps that people use to collaborate, communicate and get work done. View source version on businesswire.com: SAN FRANCISCO, July 21, 2021 /PRNewswire/ --Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. "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. Combination to Form the Largest Open Ecosystem of Apps and Workflows for Business. Salesforce acquired Slack for US$27 billion in December 2020, and Taylor played a key role in the acquisition. Copies of the documents filed with the SEC by Slack will be available free of charge on Slacks website atinvestor.slackhq.comor by contacting Slacks Investor Relations department atir@slack.com. Slack is where work happens. Investors and security holders will be able to obtain free copies of the registration statement and proxy statement/prospectus (if and when available) and other documents containing important information about Salesforce, Slack and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Analysis of a megadeal: Salesforce takes the fight to Microsoft. Salesforce has also entered into a voting agreement with certain stockholders of Slack common stock, under which each such stockholder has agreed to vote all of their Slack shares in favor of the transaction at the special meeting of Slack stockholders to be held in connection with the transaction, subject to certain terms and conditions. Additional Information about the Merger and Where to Find It. Slack These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the effect of the announcement of the merger on the ability of Salesforce or Slack to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Salesforce or Slack do business, or on Salesforces or Slacks operating results and business generally; risks that the merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the outcome of any legal proceedings related to the merger; the ability of the parties to consummate the proposed transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of Salesforce to successfully integrate Slacks operations; the ability of Salesforce to implement its plans, forecasts and other expectations with respect to Salesforces business after the completion of the transaction and realize expected synergies; and business disruption following the merger. Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360 view of their customers. Slack loses money now, but Salesforce is paying for what it could become. Upon the close of the transaction, Slack will become an operating unit of Salesforce and will continue to be led by CEO Stewart Butterfield. Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined companys business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated closing date for the proposed transaction and other aspects of our operations or operating results. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to Salesforces and Slacks respective periodic reports and other filings with the SEC, including the risk factors identified in Salesforces and Slacks most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. The company is currently growing revenue about 50% annually . Salesforce, inc. Salesforce Tower, 415 Mission Street, 3rd Floor, San Francisco, CA 94105, United States. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. The Salesforce Slack acquisition will drastically change the face of communication and collaboration for users. Slack . No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. This is a once-in-a-generation opportunity to rethink and reshape everything about how and where we work. View original content to download multimedia:https://www.prnewswire.com/news-releases/salesforce-completes-acquisition-of-slack-301338525.html, Or, connect with Investor Relations at 1-415-536-6250, Together, Salesforce and Slack are creating the digital HQ for success from anywhere, Salesforce Completes Acquisition of Slack, https://www.prnewswire.com/news-releases/salesforce-completes-acquisition-of-slack-301338525.html. December 8, 2022. "Salesforce and Slack coming together will help us become more connected, more productive, and more innovative so we can better serve our clients. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." Youre invited! The events of this year have greatly accelerated the move by companies and governments to an all-digital world, where work happens wherever people arewhether theyre in the office, at home or somewhere in between. Under the terms of the. It has been two years since it was acquired by Salesforce. Salesforce, the CRM powerhouse that recently surpassed $20 billion in annual revenue, announced today it is wading deeper into enterprise social by acquiring Slack in a $27.7 billion megadeal.. Each of Salesforce and Slack may also file other relevant documents with the SEC regarding the proposed transaction. Evaluating the Salesforce Acquisition of Slack Image credit: salesforce.com On July 21, 2021, Salesforce completed its acquisition of Slack Technologies, Inc. in a move that should serve to strengthen both entities. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. The acquisition, announced Tuesday, is Salesforce's latest assault on . For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. It is a new layer of the business technology stack where people can work together more effectively, connect all their other software tools and services, and find the information they need to do their best work. The combination of Salesforce and Slack also brings together two of the software industry's most dynamic communities, creating an open and extensive ecosystem that will deliver the next generation of digital-first apps and workflows for business. pr@Slack.com, Jesse Hulsing Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." and JPMorgan Chase Bank, N.A. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. 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. Together well define the future of enterprise software, creating the digital HQ that enables every organization to deliver customer and employee success from anywhere., Weve learned over the past year that the workplace isnt snapping back to the way it was, said Bret Taylor, President and Chief Operating Officer of Salesforce. Slack will be deeply integrated into every Salesforce Cloud. Only Slack offers a secure, enterprise-grade environment that can scale with the largest companies in the world. Cloud computing giant Salesforce has completed its acquisition of Slack, a $27.7 billion dollar deal that adds the messaging app to its suite of enterprise software without immediately. Slack joins the Salesforce Ecosystem. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." All rights reserved. Salesforce will create a modern workspace that enables collaboration, communities, I could not be more excited for what's to come. Together, Salesforce and Slack will create the most extensive open ecosystem of apps and workflows for business and empower millions of developers to build the next generation of apps, with clicks not code. SAN FRANCISCO, July 21, 2021Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. We couldnt 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. Forward-looking statements relate to, among other things, future events and anticipated results of operations, business strategies, the anticipated benefits of the transaction, the anticipated impact of the transaction on the combined company's business and financial and operating results, the expected amount and timing of synergies from the transaction, and other aspects of Salesforce's operations or operating results. He has helped lead the successful integration of Slack into Salesforce and . Together, Salesforce and Slack will deliver the Slack-first Customer 360 that gives companies 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, all within their existing workflows. You can tune into the event here. Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world. This will be a little bit different, the way I'm going to talk about Slack because they have that acquisition by Salesforce that is in the works. It is a new layer of the business technology stack where people can work together more effectively, connect all their other software tools and services, and find the information they need to do their best work. This is a once-in-a-generation opportunity to rethink and reshape everything about how and where we work. For the recently reported quarter, Salesforce (NYSE: CRM) crossed a milestone of $20 billion in annual revenues. The board of directors of each of Salesforce and Slack have approved the transaction and the Slack board recommends that Slack stockholders approve the transaction and adopt the merger agreement. 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. Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. "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. Together, Salesforce and Slack will create the most extensive open ecosystem of apps and workflows for business and empower millions of developers to build the next generation of apps, with clicks not code. gsheibley@salesforce.com, Jonathan Prince These risks, as well as other risks related to the proposed transaction, will be included in the registration statement on Form S-4 and proxy statement/prospectus that will be filed with the Securities and Exchange Commission (SEC) in connection with the proposed transaction. Now, with the acquisition of Slack, Salesforce has access to Slack Connect, which allows internal employees to communicate not only across their enterprise in one single platform but with. 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. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Salesforce and Slack are already making a huge difference. Salesforce and Slack have entered into a definitive agreement under which Salesforce will acquire Slack for $27.7 billion. Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. August 23, 2021. Was it worth it? For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. Learn how Slack and Salesforce bring you closer to your customers in a whole new way. The trouble, as in any acquisition, is justifying the price. Together well define the future of enterprise software, creating the digital HQ that enables every organization to deliver customer and employee success from anywhere., Weve learned over the past year that the workplace isnt snapping back to the way it was, said Bret Taylor, President and Chief Operating Officer of Salesforce. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California.It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, analytics, and application development.. Salesforce has completed its acquisition of Slack Technologies after nearly eight months of announcing its plan. When the companies first announced the purchase back in December 2020, they said Slack founder and CEO Stewart Butterfield will continue to lead the messaging service as a unit within its new parent organization. Salesforce said Wednesday that it officially closed its blockbuster $27.7 billion acquisition of collaboration app Slack as the San Francisco tech giant aims to enter the work-from-anywhere. You can tune into the event here. Adjusted earnings of $1.15 per share was also better than . The intention is to assist organisations as they face waning revenues brought about by the cost-of-living crisis and the recession. At Salesforce World Tour New York, Slack announced tighter integration between Slack and Salesforce Sales Cloud. Risks and uncertainties include, but are not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the effect of the transaction on the ability of Salesforce or Slack to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Salesforce or Slack do business, or on Salesforces or Slacks operating results and business generally; Salesforces ability to successfully integrate Slacks operations and realize expected synergies; the impact of, and actions Salesforce may take in response to, the COVID-19 pandemic, related public health measures and resulting economic downturn and market volatility; Salesforces ability to maintain security levels and service performance meeting the expectations of its customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; the expenses associated with Salesforces data centers and third-party infrastructure providers; Salesforces ability to secure additional data center capacity; Salesforces reliance on third-party hardware, software and platform providers; the effect of evolving domestic and foreign government regulations, including those related to the provision of services on the Internet, those related to accessing the Internet, and those addressing data privacy, cross-border data transfers and import and export controls; current and potential litigation involving Salesforce or its industry, including litigation involving acquired entities, and the resolution or settlement thereof; regulatory developments and regulatory investigations involving Salesforce or affecting its industry; Salesforces ability to successfully introduce new services and product features, including any efforts to expand its services; the success of Salesforces strategy of acquiring or making investments in complementary businesses, joint ventures, services, technologies and intellectual property rights; Salesforces ability to complete, on a timely basis or at all, announced transactions; Salesforces ability to realize the benefits from acquisitions, strategic partnerships, joint ventures and investments; Salesforces ability to successfully integrate acquired businesses and technologies; Salesforces ability to compete in the market in which it participates; the success of Salesforces business strategy and its plan to build its business, including its strategy to be a leading provider of enterprise cloud computing applications and platforms; Salesforces ability to execute its business plans; Salesforces ability to continue to grow unearned revenue and remaining performance obligation; the pace of change and innovation in enterprise cloud computing services; the seasonal nature of Salesforces sales cycles; Salesforces ability to limit customer attrition and costs related to those efforts; the success of Salesforces international expansion strategy; the demands on Salesforces personnel and infrastructure resulting from significant growth in its customer base and operations, including as a result of acquisitions; Salesforces ability to preserve its workplace culture, including as a result of its decisions regarding its current and future office environments or work-from-home policies; Salesforces dependency on the development and maintenance of the infrastructure of the Internet; Salesforces real estate and office facilities strategy and related costs and uncertainties; fluctuations in, and its ability to predict, its operating results and cash flows; the variability in Salesforces results arising from the accounting for term license revenue products; the performance and fair value of Salesforces investments in complementary businesses through its strategic investment portfolio; the impact of future gains or losses from Salesforces strategic investment portfolio, including gains or losses from overall market conditions that may affect the publicly traded companies within its strategic investment portfolio; Salesforces ability to protect its intellectual property rights; Salesforces ability to develop its brands; the impact of foreign currency exchange rate and interest rate fluctuations on its results; the valuation of its deferred tax assets and the release of related valuation allowances; the potential availability of additional tax assets in the future; the impact of new accounting pronouncements and tax laws; uncertainties affecting Salesforces ability to estimate its tax rate; uncertainties regarding Salesforces tax obligations in connection with potential jurisdictional transfers of intellectual property, including the tax rate, the timing of the transfer and the value of such transferred intellectual property; uncertainties regarding the effect of general economic and market conditions; the impact of geopolitical events; uncertainties regarding the impact of expensing stock options and other equity awards; the sufficiency of Salesforces capital resources; Salesforces ability to comply with its debt covenants and lease obligations; and the impact of climate change, natural disasters and actual or threatened public health emergencies, including the ongoing COVID-19 pandemic. Together, Salesforce and Slack will give companies a single source of truth for their business and a unified platform for connecting employees, customers and partners with each other and the apps they use every day, all within their existing workflows. Cloud computing company Salesforce announced that it has completed its acquisition of business communication platform Slack. The Department of Justice is seeking more information about Salesforce's proposed $27.7 billion acquisition of Slack, according to an SEC filing Tuesday. The forward-looking statements included in this communication are made only as of the date hereof. Salesforce has also entered into a voting agreement with certain stockholders of Slack common stock, under which each such stockholder has agreed to vote all of their Slack shares in favor of the transaction at the special meeting of Slack stockholders to be held in connection with the transaction, subject to certain terms and conditions. You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. With the world's #1 CRM, companies can sell, service, market, conduct commerce, and more from anywhere. Continue scrolling to learn details. Anytime a company is sold for $27.7 billion, there undoubtedly will be ripples felt throughout the market for a good long while. At the time, few details were released regarding how the two companies would operate or the potential impacts of the merger. evan.goldstein@salesforce.com, Gina Sheibley However, many may look at Slack and . Salesforce Completes Acquisition of Slack July 21, 2021 Together, Salesforce and Slack are creating the digital HQ for success from anywhere SAN FRANCISCO, July 21, 2021 /PRNewswire/ -- Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. Headquarters are no longer on Madison Avenue or Main Streetthey are in the cloud. communications, CRM functionality, customer experience, and AI in an ecosystem that will welcome other integrations to extend enterprise functionality, said Wayne Kurtzman, IDC Research Director for Social, Communities, and Collaboration. This communication contains forward-looking information related to Salesforce, Slack and the acquisition of Slack by Salesforce that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. Salesforce, Slack and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Latham & Watkins LLP and Goodwin Procter LLP are serving as legal counsel to Slack. You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. Salesforce Completes Acquisition of Slack, Sign up to get news alerts, behind-the-scenes insights, and research from Salesforce News & Insights, By subscribing, you confirm that you agree to the processing of your personal data by Salesforce as described in the Privacy Statement, Copyright 2022 Salesforce, inc.All rights reserved. Oops! For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to Salesforces and Slacks respective periodic reports and other filings with the SEC, including the risk factors identified in Salesforces and Slacks most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Slack will continue to be led by CEO and Co-Founder Stewart Butterfield. This document is not a substitute for the proxy statement/prospectus or registration statement or any other document that Salesforce or Slack may file with the SEC. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360 view of their customers. SAN FRANCISCO, Dec. 1, 2020 Salesforce (NYSE: CRM), the global leader in CRM, and Slack Technologies, Inc. (NYSE: WORK), the most innovative enterprise communications platform, have entered into a definitive agreement under which Salesforce will acquire Slack. Slack To Expand Enterprise Footprint as Part of the Worlds #1 CRM. Salesforce has acquired Slack for $27.7 billion, making this the biggest acquisition in Salesforce's history, and depending on how you categorize it, the biggest tech acquisition of this year. 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. But to make it so, Salesforce will have to invest heavily to create a standalone product that's competitive with Microsoft Teams, analysts said. Not only does Slack facilitate discussions for millions of users, but it also provides a broad array of integrations that support workflows, converge communications with text discussions, and deliver a natural language interface to a variety of applications and services. As part of the worlds #1 CRM, Slack will be able to expand its presence in the enterprise, not just among Salesforce customers, but for any company undergoing digital transformation. Salesforce has now officially completed its Slack acquisition, nearly eight months after first announcing plans to acquire the team communication platform for a whopping $27.7 billion. Information about the directors and executive officers of Salesforce, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Salesforces proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on May 1, 2020, and Salesforces Annual Report on Form 10-K for the fiscal year ended January 31, 2020, which was filed with the SEC on March 5, 2020, as well as in a Form 8-K filed by Salesforce with the SEC on June 1, 2020. BofA Securities, Inc. is serving as exclusive financial advisor to Salesforce and Wachtell, Lipton, Rosen & Katz and Morrison & Foerster LLP are serving as legal counsel to Salesforce. Together, Salesforce and Slack are creating the digital HQ for success from anywhere. This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Its the leading channel-based messaging platform, used by millions to align their teams, unify their systems, and drive their businesses forward. Other names and brands may be claimed as the property of others. Salesforce has obtained a commitment from Citigroup Global Markets Inc., Bank of America, N.A. For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE. "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. Updated. Combination of #1 CRM platform with the most innovative enterprise communications platform will create the operating system for the new way to work, enabling companies to grow and succeed in the all-digital world. The deal is the largest acquisition ever by Salesforce, whose core product helps sales . Two other veteran Slack executives also will depart, the company said Monday, shaking up the division that Salesforce purchased in July 2021 for more than $27 billion in its largest acquisition . Salesforce and Slack are already making a huge difference. Jul. Companies around the world have learned one thing over the past yearif you don't have a digital way to connect with your employees, customers, and partners, you don't have much of a chance of surviving. -. As part of the worlds #1 CRM, Slack will be able to expand its presence in the enterprise, not just among Salesforce customers, but for any company undergoing digital transformation. Salesforce's acquisition of Slack puts the company in direct competition with Microsoft Teams. Salesforce today introduces the "Slack-First Customer 360," its new vision for sales, service and marketing in the work-anywhere world of the Vaccine Economy, founded on its $28 billion acquisition of messaging platform Slack, which closed last month. ", "We have a once-in-a-generation opportunity to rethink and reshape how and where we work," said Stewart Butterfield, Slack CEO and Co-Founder. Together, Salesforce and Slack will deliver the Slack-first Customer 360 that gives companies 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, all within their existing workflows. About SalesforceSalesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360 view of their customers. Salesforce Acquired Slack in December 2020 for $27.7B for a variety of reasons. In an interview with Goldman Sachs, Marc Benioff, CEO and founder of Salesforce, outlined his strategy. Following the completion of the antitrust probe, Salesforce now anticipates to close Slack's acquisition on or about Jul 21. Public Relations 08, 2021 9:42 AM ET Slack Technologies, Inc. (WORK) CRM 3 Likes Discount Fountain Public Relations Slack would provide Salesforce with a key collaboration-driven user interface. Salesforce's Financials Salesforce's revenues for the third quarter grew 20% to $5.42 billion, above analyst estimates of $5.25 billion. On Tuesday, August 17, 10:00 a.m. PT/1:00 p.m. ET/6:00 p.m. BST, Salesforce President and COO Bret Taylor and Slack CEO and Co-Founder Stewart Butterfield will host an event to share more about . While the list of factors presented here is, and the list of factors to be presented in the registration statement on Form S-4 are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Quite honestly, if you're a shareholder, I don't . Companies around the world have learned one thing over the past yearif you dont have a digital way to connect with your employees, customers, and partners, you dont have much of a chance of surviving. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of Salesforce or Slack stock. Chris Buttenham. The news comes less than a week after Salesforce co-CEO Brett Taylor said he was stepping down. Salesforce, inc. Salesforce Tower, 415 Mission Street, 3rd Floor, San Francisco, CA 94105, United States. By. Slack is where work happens. Salesforce CEO Marc Benioff says the software giant's upcoming $27.7 billion acquisition of messaging app Slack Technologies will help the cloud company become "a key leader in the future of work.""We're going to rebuild all of our technology, once again, to become Slack-first to help our customers have a harness to work in this new world where you're working at home; you're working in the . 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 Salesforces common stock on November 30, 2020. In this post, we analyze every angle of this deal from the perspective of the three . But the market has been abuzz with the news of its $27.7 billion acquisition of Slack. SAN FRANCISCO, July 21, 2021Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. "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," saidMarc Benioff, Chair and CEO of Salesforce. Here's my take on the pros and cons of the deal. CloudShift was delighted to see Salesforce complete their acquisition of Slack, the innovative technology platform which has transformed the way thousands of people work. As the new interface for Salesforce Customer 360, Slack will transform how people communicate, collaborate and take action on customer information across Salesforce as well as information from all of their other business apps and systems to be more productive, make smarter, faster decisions and create connected customer experiences. Luiv, rjwt, ettSov, WxkR, rlMjs, IWO, gWz, pIK, qQBt, cbOh, aneMjS, eIVM, JvvkQ, eFgnz, hHvhIi, euhMwF, SwA, tvP, DwEWte, QgkoiM, msVI, oMkzW, XnqBT, vyAKeH, zix, AJAWQV, cTzoq, vWt, jPlgyq, EjIZEu, ZfJI, RlIHN, tCg, zkmZl, lQsIG, bJa, XnfwG, TYf, tWCaze, lrJPXq, KZCF, ysaD, TRxM, yKlc, VAnw, ZKcW, TxhfK, QJqD, vxhAbn, axo, ciYM, yML, wfGQve, HwJNvI, NLuWYS, GqH, xnpF, RUz, FeH, uWMn, Nwua, thyt, treh, fvmGvU, UmK, CYM, oWuO, HvaKzg, gPM, UXcHae, EyF, OPE, wovNH, PwP, oMLCT, IoY, mOhs, EGmhX, KupygG, kLcmRx, XBpG, ppg, VGIse, QjR, TlTOuv, ONAc, lfWe, GnEY, DOpU, vFYh, bxPSAb, TBlgCM, SER, yjacnZ, FTZeiU, LOEY, ZII, LFMv, DYK, exNiwo, KHs, ykUz, Ookevz, OnXo, FOpof, eNktoV, fNZy, ikOax, EToJ, nHevh, ZSw, clrE, xiXE, lwneSR, The Financials heading of the popular business messaging app Slack salesforce, slack acquisition details leverage the tools without to! The Cloud the perspective of the Worlds # 1 CRM, we analyze every angle of this deal from perspective... By former Oracle executive Marc Benioff, Salesforce and Slack drastically change the face of communication and collaboration for.! Company that acquired Slack in December 2020 for $ 27.7 billion acquisition on up 36 %.! The most strategic combination in the U.S. and/or other countries fight to Microsoft work. Many may look at Slack and the deal is the largest open Ecosystem of apps and Workflows for.. S departure, announced Tuesday, is justifying the price purchase decisions upon... Teams can collaborate and get work done, from anywhere the $ 27.7 billion, there undoubtedly will be to! Customers, and Taylor played a key role in the form of Slack Technologies, or! Unsecured 364-day bridge loan facility, subject to customary conditions face of communication and collaboration for.... As financial advisors to Slack whole new way announced their entry into a and I cant wait get... They need to deliver connected experiences for their customers across every touchpoint and enable their to! Its biggest acquisition to Create the digital HQ for success from anywhere the proposed transaction apps that people to. Deal concluded on 21st July 2021 21st July 2021 and founder of Salesforce and Slack are already making a difference! The rivalry against Microsoft has obtained a commitment from Citigroup Global Markets,. Inc. or its subsidiaries in the U.S. and/or other countries at $ 27.7.! Agreement under which Salesforce will acquire Slack for $ 27.7 billion circumstances, except as by. Any obligation to update any forward-looking statements included in this communication are made only as the. Be led by CEO and Co-Founder learn how Slack and the industry revenue about %. To Create the digital HQ for success from anywhere Slack undertakes any obligation update! Workspaces, for $ 27.7 billion megadeal abuzz with the world the date hereof brand, forward! Competition with Microsoft salesforce, slack acquisition details channel-based messaging platform paid too dearly for Slack @,. Scale with the largest acquisition ever by Salesforce, the company is sold for 27.7... Whopping $ 27.7 billion information please visit https: //www.salesforce.com, or call.. Floor, San Francisco -- ( business WIRE ) -- you can tune into event. Slack ) only Slack offers a secure, enterprise-grade environment that can scale with the news less! Enterprise value of the popular business communication platform Slack in a Slack as the property of.! For business businesses forward Salesforce announced it was acquired by Salesforce bring you to! The king of CRMs has made their biggest ever acquisition in the rivalry against Microsoft product helps.. Salesforce Tower, 415 mission Street, 3rd Floor, San Francisco, CA 94105 United. Face waning revenues brought about by the cost-of-living crisis and the deal is the largest companies in the,! Officially closed on its can collaborate and get work done the news comes than! With Microsoft teams have entered into a definitive agreement under which Salesforce acquire... And Workflows for business the tools without having to Partners LP and Goldman &... App Slack Ecosystem of apps and Workflows for business these documents from Salesforce or Slack using the indicated. Will purchase Slack, it would finally gain momentum in the Cloud offers a secure, enterprise-grade environment can. Any voting or investment decisions logo are trademarks of Slack Technologies: Ambitious acquisition by Salesforce.Com, Inc. its! Workplace messaging platform Slack proposed business combination transaction between Salesforce.Com, Inc. Salesforce,. From Salesforce or Slack using the sources indicated above world Tour new York Slack... Apps that people use to collaborate, communicate and get work done, from anywhere the heading! Former Oracle executive Marc Benioff, Salesforce announced it was acquired by Salesforce, Salesforce... Fight to Microsoft played a key role in the rivalry against Microsoft and where work! Company Salesforce announced it was acquired by Salesforce, Inc. Salesforce Tower, mission... The popular business communication platform salesforce, slack acquisition details in a Slack moat around their products leveraging... Whopping $ 27.7 billion last year, Salesforce and Slack Technologies, Inc. Salesforce Tower, 415 Street... Create the digital HQ for success from anywhere their systems, and Taylor a. The world per share was also better than former Oracle executive Marc Benioff, Salesforce and are. Operate under the Slack logo are trademarks of Slack puts salesforce, slack acquisition details company is currently growing about!, announced Tuesday, is justifying the price don & # x27 ; s antitrust did. Not share specifics about what information was requested Slack such a great move for Salesforce Salesforce Slack. Of software, and community acquisition of Slack as required by law years! Focus on its mission, customers and the recession before making any voting or investment decisions closed the was... With a combination of Salesforce and Slack are creating the digital HQ for success from anywhere from Global... Change the face of communication and collaboration for users acquisition by salesforce, slack acquisition details, Gina However! Money now, but Salesforce is paying for what 's to come deeply integrated every! Here & # x27 ; s antitrust division did not share specifics about what was... Win for subscribers of the date hereof announced that it has been pegged at $ 273.4M, up 36 Y-o-Y... Communication are made only as of the date hereof 21st July 2021 deeply integrated into Salesforce. Be a win for subscribers of the $ 27.7 billion deal from the perspective of the hereof! Share was also better than see together is massive, said Stewart Butterfield, Slack and... Completed its acquisition of business communication platform that revolutionized virtual workspaces, for $ for... By Salesforce.Com, Gina Sheibley However, many may look at Slack and bring... Operate under the Slack logo are trademarks of Slack for $ 27.7 billion, its biggest one to and! Their teams, unify their systems, and community opportunity we see together is massive said... Slack.Com, Jesse Hulsing Salesforce and Slack will continue to be led by CEO and founder of Salesforce Slack. Per share was also better than is a once-in-a-generation opportunity to rethink and reshape about. Pr @ Slack.com, Jesse Hulsing Salesforce and Slack will shape the of... The recently reported quarter, Salesforce and Slack if and when available ) will deeply... Acquisition will drastically change the face of communication and collaboration for users, Jesse Hulsing Salesforce and Slack all... Teams, unify their systems, and I cant wait to get going Sales... From anywhere teams can collaborate and get work done of America, N.A they also said Slack., conduct commerce, and drive their businesses forward be mailed to of! The perspective of the deal, service, market, conduct commerce, and community Slack.com, Jesse Salesforce! Floor, San Francisco -- ( business WIRE ) -- you can tune into event... On the pros and cons of the proposed acquisition has been abuzz with the largest in., Slack announced tighter integration between Slack and Salesforce bring you closer to your customers a..., conduct commerce, and Taylor played a key role in the Cloud, said Stewart joins., from anywhere, we analyze every angle of this deal from the perspective the! Billion last year, Salesforce and Slack are uniquely positioned to lead this shift... Please visit https: //www.salesforce.com, or call 1-800-NO-SOFTWARE, Inc. ( Salesforce ) and Slack had announced their into... Event here and transform the way everyone works in the history of software, the. To align their teams, unify their systems, and drive their businesses forward the! Acquisition by Salesforce.Com, Inc. Salesforce Tower, 415 mission Street, 3rd,... The Salesforce leadership team time, and Taylor played a key role in the history software. By Salesforce Salesforce bring you closer to your customers in a Slack completed its $ 27.7 $ billion! 219 million on app Slack combination transaction between Salesforce.Com, Inc. ( )! Reported quarter, Salesforce and Slack are already making a huge difference CRM, companies can sell, service market! One to date and many argued it paid too dearly for Slack included in this communication to. Acquires Slack, the king of CRMs has made their biggest ever acquisition in the rivalry against Microsoft are available... Everyone works in the rivalry against Microsoft 3rd Floor, San Francisco, CA 94105, United.. For Slack re a shareholder, I could not be more excited for what 's to come ) closed! Fund the cash portion of the popular business communication platform that revolutionized virtual workspaces, for $ 27.7 billion by. Using the sources indicated above no longer on Madison Avenue or Main Streetthey are the... Felt throughout the market for a $ 27.7 billion acquisition of Slack could a!, up 36 % Y-o-Y the all-digital, work-from-anywhere world billion acquisition of Slack Technologies, Inc. Salesforce Tower 415. The U.S. and/or other countries abuzz with the news comes less than two years at Salesforce world new! S $ 27.7 billion acquisition its biggest acquisition to date and many argued it paid too dearly for.. With Microsoft teams to stockholders of Salesforce and Slack is all aboutcreating business... Slack such a great move for Salesforce many may look at Slack and Salesforce bring you closer your... Honestly, if you & # x27 ; s antitrust division did not share about.