In December 2020, Salesforce announced it was acquiring Slack for more than $27 billion.
The acquisition is one of the biggest ever for the tech industry. The highest was the $34 billion purchase of Red Hat by IBM in 2018, followed by the $27 billion acquisition of LinkedIn by Microsoft in 2016.
In recent years, Salesforce, which began with the development of cloud-based sales reps software, has rapidly extended its scope and, along the way, has become one of the world’s most successful software firms, getting passed other giant software companies like Oracle, Cisco, SAP, Intel and IBM.
So what’s the deal with Salesforce’s acquisition of Slack for a total of $27 Billion?
- By acquiring Slack, a business chat service with over 130,000 paid customers, Salesforce strengthens its portfolio of business applications and fills out its broader suite of software for new growth areas.
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Slack and Microsoft’s Teams are currently the only business communication tool taking the chunk of the marketshare, Salesforce acquiring Slack maybe a strategic move for it compete with Microsoft in the software enterprise market
- Cloud-based solutions is the future of business process and operations, Salesforce is gearing up and leaving no stones unturned
Let us know your thought on this acquisition, is it a right move for Salesforce, on a second thought that was still a lot of payout for Slack…