![]() ![]() Some Salesforce partners have already started working with Slack. The Slack acquisition comes during a competitive time for collaborative apps, with apps like Slack and Zoom competing against Microsoft’s Teams app. Slack had 169,000 paid customers as of the end of April 2021 and generated $273.4 million in revenue in the three months ended April 30, 2021. Slack CEO and co-founder Stewart Butterfield will continue to lead the new subsidiary within 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,” Salesforce CEO Marc Benioff said in a statement. The companies announced the acquisition in December. Department of Justice had closed its antitrust investigation into the acquisition. ![]() Securities and Exchange Commission on July 16 that the U.S. The company would be able to cross sell its cloud-based products to Slack customers.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 technology arena. Slack had ended first-quarter fiscal 2022 with more than 169,000 paid customers. ![]() Thirdly, the buyout will bring a massive number of global customers to Salesforce. ![]() Per MarketsAndMarkets, the global digital transformation market size is estimated to reach $1.01 trillion by 2025 from $469.8 billion in 2020, reflecting a CAGR of 16.5% through 2020-2025. Secondly, the deal will help Salesforce capitalize on solid opportunities from the major digital transformation initiatives undertaken by organizations. The company intends to integrate Slack’s software into its every cloud-based office suits, with the goal of improving collaboration between sales and customer support teams. Firstly, the buyout would enhance Salesforce’s team collaboration software capabilities. The acquisition of Slack is likely to be a huge win for Salesforce. Salesforce and Slack had announced their entry into a definitive agreement on Dec 1, 2020, under which the former agreed to acquire the latter in a cash and stock transaction worth $27.7 billion. ![]()
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