![]() In the software industry, Salesforce’s Slack acquisition is exceeded only by IBM’s mega-purchase of cloud caretaker Red Hat for $34 billion in 2018. It’s the central nervous system of so many companies on this call,” he said. “We see Slack as a once-in-a-generation platform and company. Marc Benioff, Salesforce’s CEO and chairman, described his own dependence on Slack’s instant messaging service for the office during an earnings call after market close on Tuesday. The company has steadily expanded into new areas, including marketing services and data analytics. The deal is the largest acquisition ever by Salesforce, whose core product helps sales teams manage their customers. ![]() “Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world.Salesforce agreed on Tuesday to buy Slack for $27.7 billion, combining two powerhouses in business software. “We have a once-in-a-generation opportunity to rethink and reshape how and where we work,” said Slack cofounder and CEO Stewart Butterfield, who will continue to lead Slack post-acquisition. Perhaps more importantly, given the digital transformation that has engulfed the industry over the past 16 months, Salesforce and Slack could together play a big part in powering the future of work. It’s not clear how - or even if - that complaint will proceed now that Slack is essentially an operating unit inside Salesforce.Īt any rate, with Slack under its wing, Salesforce now has an even more powerful collaboration artery directly into the enterprise, enabling it to create deeper social integrations across its product suite. Slack argues that Microsoft is using Office’s market dominance to force millions of people to install Teams through this bundle. ![]() ![]() The crux of Slack’s complaint is that while Slack is available as a standalone service and application with various pricing tiers, Microsoft Teams largely comes as part of an Office 365 subscription. It’s worth noting that Slack has a pending antitrust complaint against Microsoft in the EU. ![]()
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