![]() Julia La Roche is a correspondent for Yahoo Finance. An acquisition now of Slack would provide Salesforce with an immediate route to expand its focus on customer-facing tools and address the market for employee engagement. Shares of Salesforce are up 7.9% year-to-date. ![]() Shares of Salesforce were last trading up 0.14%, or 34 cents, near $240.45 in the pre-market. In order to keep pace with Microsoft, Slack needed a bigger enterprise sales team, which they found in tech giant Salesforce, leading to an acquisition I’m quite sure was bittersweet. We will also be discontinuing Hipchat Server and Hipchat Data Center and working with Slack to provide a migration path for customers of all four products. Every business-in every industry-has to optimize for a digital-first customer, employee, and partner experience," the company said in its announcement. As part of this partnership, Atlassian has made an equity investment in Slack, and Slack has acquired the IP for Stride and Hipchat Cloud, both of which we will discontinue. In many ways, the Salesforce acquisition of Slack was surprising. "Headquarters are no longer on Madison Avenue or Main Street-they are in the cloud. Last week, the Department of Justice told the company it closed its antitrust investigation of the deal, giving the green light for the transaction's close.Īs companies debate the future of work post-COVID, Salesforce said companies learned last year that "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." In December, Salesforce signed a definitive agreement to acquire the popular messaging software platform Slack Technologies in a cash and stock deal worth $27.7 billion, making it Salesforce's largest-ever acquisition. I could not be more excited for what's to come," Butterfield added. "Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world. Salesforce is buying workplace messaging app Slack for 27. Slack's co-founder and CEO Stewart Butterfield, who will continue to lead the company, called the deal "a once-in-a-generation opportunity to rethink and reshape how and where we work." SAN FRANCISCO, J/PRNewswire/ - Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc.
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