Buzz
Salesforce, the renowned enterprise services and software provider, has revealed its intention to acquire Slack for $27.7 billion. Slack is a widely used chat application in the business world, especially popular among startups and tech companies. It competes with Microsoft Teams and Google Hangouts. As of October last year, Slack had over 12 million daily active users, a number expected to increase significantly this year, although the exact figures have not been disclosed. Earlier this year, Slack joined forces with IBM to implement Slack for 350,000 employees.Initially focused on replacing email, Slack has gradually expanded its features to include calling, video, and various tools supporting daily work. However, in recent times, the company has faced challenges in competing with Microsoft. In the last three quarters, Slack reported losses despite the surge in demand for online solutions due to the COVID-19 pandemic, and they lack a clear direction to surpass Microsoft Teams.Salesforce's acquisition of Slack positions the company for stronger competition against rivals. With ample resources, Salesforce can operate seamlessly and integrate more closely with its existing solutions, ultimately boosting revenue.Source: Salesforce
