Slack remained firm on this work and emerged as the biggest messaging platform for workplace communication.

Within a decade of being in the market, it has gained a good hold, on the level that it has faced threats from the social media giant Facebook and the OG Google. Slack has been in the market with a good reputation since 2009 being established in Vancouver, Canada. I believe this is the most strategic combination in the history of software, and I can’t wait to get going,” has stated the CEO – Stewart Butterfield.

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. “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. While Slack CEO Stewart Butterfield firmly believes that the question is the move in the history of mergers and acquisitions. 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 how everyone works in the all-digital, work-from-anywhere world. The actual word he mentioned is “Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it, this is a match made in heaven. The numbers mentioned are directly sourced from the company’s statement.Īt this big event CEO, Marc Benioff confirmed this acquisition will be for the advancement of the company and its services. They finally put the lid on the simmering matter of the acquisition from the past couple of months.Īs per the trusted sources and the information from the market, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock in exchange for Slack shares of $27.7 billion. Making it the biggest deal of the 21st century. The acquisition money involved is a huge sum of $27.7 billion. Salesforce, the cloud computing giant has confirmed that Salesforce acquire Slack on December 1, 2020.

Salesforce acquisition of slack