![]() ![]() The aim of the acquisition is develop next generation digital-first apps and workflows for employers. Slack will continue to operate under its own brand. Given the risks of the deal and Salesforce’s valuation of over $200 billion, analysts have suggested that their investors root for an antitrust review to prevent the deal. Salesforce has agreed to buy workplace messaging app Slack in a 27. Salesforce has completed its 27.7 billion acquisition of Slack. The rumors were true: Salesforce announced it is acquiring Slack for 27.7 billion, in a combination of cash and Salesforce stock. Further, if Salesforce were to affect Slack’s internal operations through the acquisition, some existing customers may be turned away, as many customers now enjoy Slack for their simplicity and neutrality. 4-min read Salesforce, the CRM powerhouse that recently surpassed 20 billion in annual revenue, announced today it is wading deeper into enterprise social by acquiring.This is concerning for Salesforce, who would be giving up nearly 13% of their market value for the acquisition based on Slack’s EV/Sales multiple seen in Figure 2. As the self-proclaimed 1 CRM platform in the world, Salesforce has expanded beyond marketing and sales into eCommerce and IT. in a move that should serve to strengthen both entities. On July 21, 2021, Salesforce completed its acquisition of Slack Technologies, Inc. Since Slack is a SaaS valued at multiples of revenue instead of profits, their growth forecast faces immense pressure on its ability to materialize as earnings. Evaluating the Salesforce Acquisition of Slack. Updated DecemMicrosoft Corporation ( MSFT) faces the possibility of increased competition for its Teams product, an enterprise collaboration software platform, in the face of the. They have not turned a profit since their initial public offering last year. Furthermore, Slack’s growth should be a risk for Salesforce. Salesforce to buy Slack for 27. Salesforce will combine Slack with its customer relationship management (CRM) platform ‘Salesforce Customer 360’ to create a new operating system for workforces. A much better suited one could argue could be Google or Amazon as they could integrate Slack into their platforms, but that would be unlikely due to antitrust regulations. Salesforce has bought communication platform Slack for 27.7 billion as part of its strategy to develop an extensive open ecosystem of apps and workflows for business. On the other hand, Slack could be a distraction for Salesforce management and could therefore not be believed to be the best owner for Slack. San Francisco: Salesforce on Tuesday announced a 27.7 billion deal to buy online collaboration firm Slack, giving the business software giant a broader array of tools as the pandemic fuels a.
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