8/13/2023 0 Comments Slack merger![]() ![]() This led me to believe that Slack would be unlikely to ever return to the triple-digit growth rates and the needed revenue growth of six and seven-figure monthly enterprise customers and, therefore, no real path to profitability. Slack, a company that I have largely been critical of, not due to its technology, but its lack of growth while the likes of Zoom, Cisco, and Microsoft exploded during a year where employees and students everywhere were forced to work at home. Thanksgiving holiday, the reported news that Salesforce may be in to complete its largest deal to date, acquiring Slack kept the market on its toes through the close. Salesforce, whose stock closed down 5% on Wednesday, is scheduled to release its fiscal third-quarter earnings next week.Īnalyst Take: On what was expected to be a rather tame day for business, just ahead of the U.S. Shares of Slack closed almost 38% higher Wednesday after the Wall Street Journal first reported that Salesforce held talks to buy the company. Give us a ring and see how we can ensure your business can be the best business it can be.The News: Salesforce is in talks to acquire Slack, and a deal could be announced as soon as next week, according to a person familiar with the matter. When it comes to your technology stack and making sure your collaboration is on point, that’s where we come in. In this moment, it proves the centrality of remote collaboration as a core tenet of the future of work. But mergers of this scale and impact tell us something larger about the business climate in which we operate. Now, neither Salesforce nor Slack might be the right collaboration tool for your individual company or use case. But what the move shows about the future of work for the rest of us is that the biggest companies in the country realize the massive value of enabling and empowering the collaboration of the future. It didn’t have a messaging product, the Slack app ecosystem and integrations are great, the year-over-year revenue growth is encouraging, etc. There’s all sorts of business reasons why Salesforce wanted to add Slack to its mix. ![]() They’ve excelled in the enterprise space for what they offer, but the deeply ingrained product mindset of Slack is a welcome addition to a majority-enterprise, well, enterprise.īut what does it indicate about the larger question concerning the future of work?Ĭollaboration is king, and it’s coming to a business near you. They’re one of the best CRMs out there, but that wasn’t a particularly high bar to surpass when they came to market. Salesforce, on the other hand, is part of that software culture more so than it is a product culture. Slack, on the other hand, didn’t start as an enterprise company, but rather built a great product folks loved to use, and then went after an enterprise clientele. Oracle or SAP or Microsoft build mission-critical software, sure… but they’re often rather clunky platform that are counter-intuitive or an outright pain to navigate. They built an elite product for the internet generation that only happened to target how we do business. Slack is, at its core, a product company. Collaboration raised to the power of enterprise The centrality of collaboration to the future of work has never been more evident… all the more so with the recent announcement of Salesforce acquiring Slack. And if there’s one thing we’ve learned about the future of work from the pandemic, it’s that collaboration is king you need to be able to collaborate regardless of geography, time zone, work station setup, you name it. Zoom is now part of the lexicon in a way we’d never have expected in February. The work-from-anywhere, communicate in whatever way you want future is now today. On the flip side, it has most definitely accelerated the transition to the future of work being closer to today than tomorrow. It reveals cracks in businesses’ foundations or shines a light on underlying strengths. Covid has revealed and accelerated business life. ![]()
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