With the world's #1 CRM, companies can sell, service, market, conduct commerce, and more from anywhere. That's exactly what the combination of Salesforce and Slack is all about-creating the business operating system for the new world of work. This is a once-in-a-generation opportunity to rethink and reshape everything about how and where we work. Every business-in every industry-has to optimize for a digital-first customer, employee, and partner experience. Headquarters are no longer on Madison Avenue or Main Street-they are in the cloud. "Salesforce and Slack coming together will help us become more connected, more productive, and more innovative so we can better serve our clients."Īcquisition to Create the Digital HQ for Success from AnywhereĬompanies around the world have learned one thing over the past year-if 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. "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. I could not be more excited for what's to come." "Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world. "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, 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've learned over the past year that the workplace isn't snapping back to the way it was," said Bret Taylor, President and Chief Operating Officer of 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." "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. That means it will list its shares and allow existing investors to sell into the public markets, but the company won't be selling new shares and thus won't be raising fresh capital.SAN FRANCISCO, J/PRNewswire/ - Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. Slack is choosing the direct listing route rather than pursuing a traditional initial public offering. Slack's shares have traded on the secondary market at prices that value the company as high as almost $17 billion. Put the two tickers together and you get TEAM WORK.Ītlassian has been one of the best performing software stocks over the past year, climbing 96% and pushing its market capitalization past $30 billion. Slack says in the prospectus that it has an integration with Atlassian's Trello service. Last year, Atlassian sold its rival chat service HipChat to Slack in exchange for a stake in the company. The initial prospectus referred to "work" more than 40 times.įor people who follow the collaboration software market, the new ticker symbol may remind them of Atlassian, a company that's closely associated with Slack and has the symbol TEAM. Slack, maker of the popular team messaging service, faces competition from large companies, including Cisco and Microsoft, and clearly wants to underscore how central it is to getting work done. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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