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Slack merger8/7/2023 Personally, I believe this is the most strategic combination in the history of software, and I can’t wait to get going.” Slack to Become the New Interface for Salesforce Customer 360 “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 and Co-Founder. “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. (NYSE: WORK), the most innovative enterprise communications platform, have entered into a definitive agreement under which Salesforce will acquire Slack. 1, 2020 – Salesforce (NYSE: CRM), the global leader in CRM, and Slack Technologies, Inc. In June last year, Salesforce agreed to acquire self-service analytics platform Tableau in a USD 15.7 billion all-stock transaction.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 Slack Connect, Slack Technologies’ business communication platform, will bring people, data and tools to the table, complementing Salesforce’s established position in the customer relationship management systems market.Īfter the transaction’s close, Slack will become an operating unit of Salesforce, continuing to be led by its CEO, Butterfield. “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,” said Salesforce chairman and CEO, Marc Benioff, in a statement.Įmphasising that Salesforce “started the cloud revolution”, Slack’s co-founder and CEO, Stewart Butterfield, said that “as software plays a more and more critical role in the performance of every organisation, share a vision of reduced complexity, increased power and flexibility, and ultimately a greater degree of alignment and organisational agility”. The transaction, which has a total enterprise value of USD 27.7 billion, is expected to close in the second quarter of Salesforce’s fiscal year 2022, subject to receiving certain regulatory approvals.īy combining Slack’s offering with Salesforce’s customer identity management system, Customer 360, the companies’ integrated operating systems will be better placed to capitalise on the increased use of digital communications brought on by the pandemic. Both companies are headquartered in San Francisco. Wachtell, Lipton, Rosen & Katz and Morrison & Foerster acted as legal counsel to Salesforce, with Latham & Watkins and Goodwin Procter advising Slack. United States cloud software company Salesforce has agreed to acquire communications software company Slack. United States cloud software company Salesforce has agreed to acquire communications software company Sla.
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