Founded by former Oracle executive Marc Benioff, Salesforce quickly grew into one of the largest companies in the . Now its easier than ever to connect customers, employees, and partners with the conversations, apps, and data that power digital workflows for an all-new way to work. Headquarters are no longer on Madison Avenue or Main Streetthey are in the cloud. Slack will continue to operate under the Slack brand, driving forward a continued focus on its mission, customers, and community. Public Relations These risks, as well as other risks related to the proposed transaction, will be included in the registration statement on Form S-4 and proxy statement/prospectus that will be filed with the Securities and Exchange Commission (SEC) in connection with the proposed transaction. Salesforce Each of Salesforce and Slack may also file other relevant documents with the SEC regarding the proposed transaction. Headquarters are no longer on Madison Avenue or Main Streetthey are in the cloud. Risks and uncertainties include, but are not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the effect of the transaction on the ability of Salesforce or Slack to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Salesforce or Slack do business, or on Salesforces or Slacks operating results and business generally; Salesforces ability to successfully integrate Slacks operations and realize expected synergies; the impact of, and actions Salesforce may take in response to, the COVID-19 pandemic, related public health measures and resulting economic downturn and market volatility; Salesforces ability to maintain security levels and service performance meeting the expectations of its customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; the expenses associated with Salesforces data centers and third-party infrastructure providers; Salesforces ability to secure additional data center capacity; Salesforces reliance on third-party hardware, software and platform providers; the effect of evolving domestic and foreign government regulations, including those related to the provision of services on the Internet, those related to accessing the Internet, and those addressing data privacy, cross-border data transfers and import and export controls; current and potential litigation involving Salesforce or its industry, including litigation involving acquired entities, and the resolution or settlement thereof; regulatory developments and regulatory investigations involving Salesforce or affecting its industry; Salesforces ability to successfully introduce new services and product features, including any efforts to expand its services; the success of Salesforces strategy of acquiring or making investments in complementary businesses, joint ventures, services, technologies and intellectual property rights; Salesforces ability to complete, on a timely basis or at all, announced transactions; Salesforces ability to realize the benefits from acquisitions, strategic partnerships, joint ventures and investments; Salesforces ability to successfully integrate acquired businesses and technologies; Salesforces ability to compete in the market in which it participates; the success of Salesforces business strategy and its plan to build its business, including its strategy to be a leading provider of enterprise cloud computing applications and platforms; Salesforces ability to execute its business plans; Salesforces ability to continue to grow unearned revenue and remaining performance obligation; the pace of change and innovation in enterprise cloud computing services; the seasonal nature of Salesforces sales cycles; Salesforces ability to limit customer attrition and costs related to those efforts; the success of Salesforces international expansion strategy; the demands on Salesforces personnel and infrastructure resulting from significant growth in its customer base and operations, including as a result of acquisitions; Salesforces ability to preserve its workplace culture, including as a result of its decisions regarding its current and future office environments or work-from-home policies; Salesforces dependency on the development and maintenance of the infrastructure of the Internet; Salesforces real estate and office facilities strategy and related costs and uncertainties; fluctuations in, and its ability to predict, its operating results and cash flows; the variability in Salesforces results arising from the accounting for term license revenue products; the performance and fair value of Salesforces investments in complementary businesses through its strategic investment portfolio; the impact of future gains or losses from Salesforces strategic investment portfolio, including gains or losses from overall market conditions that may affect the publicly traded companies within its strategic investment portfolio; Salesforces ability to protect its intellectual property rights; Salesforces ability to develop its brands; the impact of foreign currency exchange rate and interest rate fluctuations on its results; the valuation of its deferred tax assets and the release of related valuation allowances; the potential availability of additional tax assets in the future; the impact of new accounting pronouncements and tax laws; uncertainties affecting Salesforces ability to estimate its tax rate; uncertainties regarding Salesforces tax obligations in connection with potential jurisdictional transfers of intellectual property, including the tax rate, the timing of the transfer and the value of such transferred intellectual property; uncertainties regarding the effect of general economic and market conditions; the impact of geopolitical events; uncertainties regarding the impact of expensing stock options and other equity awards; the sufficiency of Salesforces capital resources; Salesforces ability to comply with its debt covenants and lease obligations; and the impact of climate change, natural disasters and actual or threatened public health emergencies, including the ongoing COVID-19 pandemic. The events of this year have greatly accelerated the move by companies and governments to an all-digital world, where work happens wherever people arewhether theyre in the office, at home or somewhere in between. Our broadcast event kicks off August 17. 917-297-8988 This communication relates to a proposed business combination transaction between Salesforce.com, Inc. (Salesforce) and Slack Technologies, Inc. (Slack). We're having trouble. Every businessin every industryhas to optimize for a digital-first customer, employee, and partner experience. Salesforce and Slack have entered into a definitive agreement under which Salesforce will acquire Slack for $27.7 billion. The definitive proxy statement/prospectus (if and when available) will be mailed to stockholders of Salesforce and Slack. Companies around the world have learned one thing over the past yearif you dont have a digital way to connect with your employees, customers, and partners, you dont have much of a chance of surviving. These risks, as well as other risks related to the proposed transaction, will be included in the registration statement on Form S-4 and proxy statement/prospectus that will be filed with the Securities and Exchange Commission (SEC) in connection with the proposed transaction. Slack will continue to be led by CEO and Co-Founder Stewart Butterfield. With the world's #1 CRM, companies can sell, service, market, conduct commerce, and more from anywhere. Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined companys business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated closing date for the proposed transaction and other aspects of our operations or operating results. Investors and security holders will be able to obtain free copies of the registration statement and proxy statement/prospectus (if and when available) and other documents containing important information about Salesforce, Slack and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC athttp://www.sec.gov. I could not be more excited for whats to come., We are obsessed with continually delighting our clients, and offering them the best experience and value across every interaction, said Arvind Krishna, Chairman and CEO of IBM. Why is Slack such a great move for Salesforce? For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. Slack to Become the New Interface for Salesforce Customer 360. In connection with the proposed transaction, Salesforce intends to file with the SEC a registration statement on Form S-4 that will include a proxy statement of Slack and that also constitutes a prospectus of Salesforce. The acquisition could also put them into record territory among the biggest tech deals ever, nearing IBM's $34 billion acquisition of Red Hat and Facebook's $19 billion WhatsApp buy.Slack was . Slack and the Slack logo are trademarks of Slack Technologies, Inc. or its subsidiaries in the U.S. and/or other countries. While the list of factors presented here is, and the list of factors to be presented in the registration statement on Form S-4 are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. For the recently reported quarter, Salesforce (NYSE: CRM) crossed a milestone of $20 billion in annual revenues. Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce's common stock on November 30, 2020. While the list of factors presented here is, and the list of factors to be presented in the registration statement on Form S-4 are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Salesforce Completes Acquisition of Slack July 21, 2021 Together, Salesforce and Slack are creating the digital HQ for success from anywhere SAN FRANCISCO, July 21, 2021 /PRNewswire/ -- Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. Salesforce Salesforce is bringing in a huge wave of features and services for its users this year. Headquarters are no longer on Madison Avenue or Main Streetthey are in the cloud. With the worlds #1 CRM, companies can sell, service, market, conduct commerce, and more from anywhere. Two other veteran Slack executives also will depart, the company said Monday, shaking up the division that Salesforce purchased in July 2021 for more than $27 billion in its largest acquisition . Slack will continue to be led by CEO and Co-Founder Stewart Butterfield. Slack will continue to operate under the Slack brand, driving forward a continued focus on its mission, customers and community. You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. This will be a little bit different, the way I'm going to talk about Slack because they have that acquisition by Salesforce that is in the works. Together, Slack and Salesforce Customer 360 will give every company in the world a single source of truth for their business and a single platform for connecting employees, customers, and partners with each other and the apps they use every day., We have a once-in-a-generation opportunity to rethink and reshape how and where we work, said Stewart Butterfield, Slack CEO and Co-Founder. Slack To Expand Enterprise Footprint as Part of the Worlds #1 CRM. Slacks open platform seamlessly integrates with more than 2,400 apps that people use to collaborate, communicate and get work done. Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. "We couldn't be more excited to have Slack as part of the Salesforce family, combining the #1 CRM and the trailblazing digital platform for the work anywhere world," said Marc Benioff, Chair and CEO of Salesforce. The Department of Justice is seeking more information about Salesforce's proposed $27.7 billion acquisition of Slack, according to an SEC filing Tuesday. But the market has been abuzz with the news of its $27.7 billion acquisition of Slack. But five years after formally challenging Microsoft, the company is being acquired by . Im thrilled to welcome Slack to the Salesforce Ohana once the transaction closes., Salesforce started the cloud revolution, and two decades later, we are still tapping into all the possibilities it offers to transform the way we work. Other names and brands may be claimed as the property of others. The acquisition was in process for a long time, and the deal concluded on 21st July 2021. These are the details. This is a once-in-a-generation opportunity to rethink and reshape everything about how and where we work. The U.S. Justice Department's Antitrust Division has asked Salesforce and Slack for more information ahead of Salesforce's plan to buy the smaller software company for $27 billion,. Learn how Slack and Salesforce bring you closer to your customers in a whole new way. Why did Salesforce buy Slack? SAN FRANCISCO, July 21, 2021Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. "We couldn't be more excited to have Slack as part of the Salesforce family, combining the #1 CRM and the trailblazing digital platform for the work anywhere world," saidMarc Benioff, Chair and CEO of Salesforce. SAN FRANCISCO, July 21, 2021Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. We couldnt be more excited to have Slack as part of the Salesforce family, combining the #1 CRM and the trailblazing digital platform for the work anywhere world, said Marc Benioff, Chair and CEO of Salesforce. Together, Salesforce and Slack will create the most extensive open ecosystem of apps and workflows for business and empower millions of developers to build the next generation of apps, with clicks not code. Information about the directors and executive officers of Slack, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Slacks proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on May 5, 2020, and Slacks Annual Report on Form 10-K for the fiscal year ended January 31, 2020, which was filed with the SEC on March 12, 2020. Now again, the king of CRMs has made their biggest ever acquisition in the form of Slack for a whopping $27.7. Slack Investors and security holders will be able to obtain free copies of the registration statement and proxy statement/prospectus (if and when available) and other documents containing important information about Salesforce, Slack and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Quite honestly, if you're a shareholder, I don't . With the acquisition finalized, Salesforce plans to deliver what it's calling digital headquarters (HQs), which will make Slack the user interface for all Customer 360 products, allowing users to use Slack to connect with fellow employees, customers, and . Personally, I believe this is the most strategic combination in the history of software, and I cant wait to get going.. The solution enables organisations to better leverage the tools without having to . The Slack shares subject to the agreement represent approximately 55% of the current outstanding voting power of the Slack common stock. This is a match made in heaven. Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock (based on the . SAN FRANCISCO, July 21, 2021 /PRNewswire/ -- Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc . As part of Salesforce, Slack will be positioned to accelerate and extend its mission to make work life simpler, more pleasant, and more productive. "Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world. Was it worth it? Copies of the documents filed with the SEC by Salesforce will be available free of charge on Salesforces website at www.salesforce.com/investor or by contacting Salesforces Investor Relations department at investor@salesforce.com. At Second Eclipse we use both Salesforce and Slack, and believe this acquisition is going to be great for B2B companies focused on growth. In connection with the proposed transaction, Salesforce intends to file with the SEC a registration statement on Form S-4 that will include a proxy statement of Slack and that also constitutes a prospectus of Salesforce. ", "We have a once-in-a-generation opportunity to rethink and reshape how and where we work," said Stewart Butterfield, Slack CEO and Co-Founder. Slack will be deeply integrated into every Salesforce Cloud. Connecting people and data across systems, apps and devices is one of the biggest challenges companies face in todays all-digital world. On Tuesday, August 17, 10:00 a.m. PT/1:00 p.m. ET/6:00 p.m. BST, Salesforce President and COO Bret Taylor and Slack CEO and Co-Founder Stewart Butterfield will host an event to share more about . Slack Salesforce needs Slack to compete with Microsoft Teams. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. This is a once-in-a-generation opportunity to rethink and reshape everything about how and where we work. This is a once-in-a-generation opportunity to rethink and reshape everything about how and where we work. Salesforce's Financials Salesforce's revenues for the third quarter grew 20% to $5.42 billion, above analyst estimates of $5.25 billion. for a $10.0 billion senior unsecured 364-day bridge loan facility, subject to customary conditions. ", Acquisition to Create the Digital HQ for Success from Anywhere. Salesforce and Slack are already making a huge difference. Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360 view of their customers. With the largest enterprise app ecosystem, the Salesforce platform is the easiest way to build and deliver apps to connect with customers in a whole new way. Cloud computing giant Salesforce has completed its acquisition of Slack, a $27.7 billion dollar deal that adds the messaging app to its suite of enterprise software without immediately. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. We couldnt be more excited to have Slack as part of the Salesforce family, combining the #1 CRM and the trailblazing digital platform for the work anywhere world, said Marc Benioff, Chair and CEO of Salesforce. BofA Securities, Inc. is serving as exclusive financial advisor to Salesforce and Wachtell, Lipton, Rosen & Katz and Morrison & Foerster LLP are serving as legal counsel to Salesforce. The deal is the largest acquisition ever by Salesforce, whose core product helps sales . Evaluating the Salesforce Acquisition of Slack Image credit: salesforce.com On July 21, 2021, Salesforce completed its acquisition of Slack Technologies, Inc. in a move that should serve to strengthen both entities. But the market has been abuzz with the news of its $27.7 billion acquisition of Slack. Updated. Only Slack offers a secure, enterprise-grade environment that can scale with the largest companies in the world. Various trademarks held by their respective owners. This communication contains forward-looking information related to Salesforce, Slack and the acquisition of Slack by Salesforce that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. As part of Salesforce, Slack will be positioned to accelerate and extend its mission to make work life simpler, more pleasant, and more productive. Together, Salesforce and Slack will deliver the Slack-first Customer 360 that gives companies a single source of truth for their business, and a single platform for connecting employees, customers, and partners with each other and the apps they use every day, all within their existing workflows. About SalesforceSalesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360 view of their customers. Salesforce has completed its $27.7 billion acquisition its biggest one to date of business messaging app Slack. -. Combination of #1 CRM platform with the most innovative enterprise communications platform will create the operating system for the new way to work, enabling companies to grow and succeed in the all-digital world. "We couldn't be more excited to have Slack as part of the Salesforce family, combining the #1 CRM and the trailblazing digital . If Salesforce acquires Slack, it would finally gain momentum in the rivalry against Microsoft. For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE. When Salesforce initially announced its acquisition of Slack in December 2020, its share price dropped by nearly 10%. Slack has transformed the way we work with its trailblazing digital platform for business communication, which is used by millions of people around the world and enables entire organizations to work far more efficiently and effortlessly. Continue scrolling to learn details. Slack will continue to be led by CEO and Co-Founder Stewart Butterfield. At Salesforce World Tour New York, Slack announced tighter integration between Slack and Salesforce Sales Cloud. By. Slack is where work happens. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to Salesforces and Slacks respective periodic reports and other filings with the SEC, including the risk factors identified in Salesforces and Slacks most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Salesforce acquired Slack for $27.7 billion in mostly cash on July 21, bringing its users a familiar team collaboration app -- while also intensifying competition with Microsoft Teams. With the worlds #1 CRM, companies can sell, service, market, conduct commerce, and more from anywhere. The company is currently growing revenue about 50% annually . We breakdown why the Slack Salesforce Acquisition is good for the CRM giant's product roadmap, helps compete with Microsoft, and more. Chris Buttenham. A lot of speculations are being made in the industry by Salesforce clients . Various trademarks held by their respective owners. Youre invited! When it entered the market, Slack was a scrappy, independent entry in the era of worker-centered tools. The combination of Salesforce and Slack also brings together two of the software industry's most dynamic communities, creating an open and extensive ecosystem that will deliver the next generation of digital-first apps and workflows for business. These documents are also available under the Financials heading of the Investor Relations section of Salesforce's website at www.salesforce.com/investor. https://www.businesswire.com/news/home/20201201006156/en/, Evan Goldstein Salesforce and Slack had announced their entry into a. For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE. Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360 view of their customers. Oops! The Salesforce Slack acquisition will drastically change the face of communication and collaboration for users. "Salesforce and Slack coming together will help us become more connected, more productive, and more innovative so we can better serve our clients. Salesforce Completes Acquisition of Slack Together, Salesforce and Slack are creating the digital HQ for success from anywhere SAN FRANCISCO, July 21, 2021Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. Slack has transformed the way we work with its pioneering digital platform for business communication, which is used by millions of people around the world and enables entire organizations to work far more efficiently and effortlessly. You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. Butterfield has continued to serve as CEO since the acquisition. Salesforce just purchased Slack, a work messaging app, for $27.7 billon. It has been two years since it was acquired by Salesforce. Following the completion of the antitrust probe, Salesforce now anticipates to close Slack's acquisition on or about Jul 21. For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE. Information about the directors and executive officers of Salesforce, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Salesforces proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on May 1, 2020, and Salesforces Annual Report on Form 10-K for the fiscal year ended January 31, 2020, which was filed with the SEC on March 5, 2020, as well as in a Form 8-K filed by Salesforce with the SEC on June 1, 2020. The combination will create the operating system for the new way to work, uniquely enabling companies to grow and succeed in the all-digital world. Cross-sell Slack to Salesforce's existing customer base (150k+ companies) Bundle Slack when selling to new Salesforce customers (free / discounted) This is mutually beneficial for Salesforce, because it'll increase retention and average contract value / ARPA for these customers who opt to buy Slack. In an interview with Goldman Sachs, Marc Benioff, CEO and founder of Salesforce, outlined his strategy. Salesforce has obtained a commitment from Citigroup Global Markets Inc., Bank of America, N.A. Slack has transformed business communication. The acquisition, announced Tuesday, is Salesforce's latest assault on . Its the leading channel-based messaging platform, used by millions to align their teams, unify their systems, and drive their businesses forward. Copies of the documents filed with the SEC by Salesforce will be available free of charge on Salesforces website atwww.salesforce.com/investoror by contacting Salesforces Investor Relations department atinvestor@salesforce.com. SAN FRANCISCO, July 21, 2021 /PRNewswire/ --Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. "We couldn't be more excited to have Slack as part of the Salesforce family, combining the #1 CRM and the trailblazing digital platform for the work anywhere world," said Marc Benioff, Chair and CEO of Salesforce. Salesforce and Slack are already making a huge difference. This document is not a substitute for the proxy statement/prospectus or registration statement or any other document that Salesforce or Slack may file with the SEC. But to make it so, Salesforce will have to invest heavily to create a standalone product that's competitive with Microsoft Teams, analysts said. Slack will continue to operate under the Slack brand, driving forward a continued focus on its mission, customers, and community. This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Various trademarks held by their respective owners. Neither Salesforce nor Slack undertakes any obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. gsheibley@salesforce.com, Jonathan Prince Salesforce's acquisition of Slack this week for $27.7B is a blockbuster that both the tech community and Wall Street have been dissecting since its announcement on Tuesday. In this post, we analyze every angle of this deal from the perspective of the three . Copies of the documents filed with the SEC by Slack will be available free of charge on Slacks website atinvestor.slackhq.comor by contacting Slacks Investor Relations department atir@slack.com. Slack will be deeply integrated into every Salesforce Cloud. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Salesforce said Wednesday that it officially closed its blockbuster $27.7 billion acquisition of collaboration app Slack as the San Francisco tech giant aims to enter the work-from-anywhere. "Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it, said Marc Benioff, Chair and CEO, Salesforce. Additional Information about the Merger and Where to Find It. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. Salesforce has now officially completed its Slack acquisition, nearly eight months after first announcing plans to acquire the team communication platform for a whopping $27.7 billion. This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Slack . Before the end of 2020, Salesforce signed a $27.7 billion megadeal to acquire Slack, a leading channel-based messaging platform . Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." Salesforce is buying workplace messaging app Slack for $27.7 billion, marking the largest acquisition in the San Francisco-based cloud-based company's history. News of Butterfield's departure, announced in a Slack . HOME > Slack TOP > > Slack. Salesforce is the #1 CRM that enables companies to sell, service, market and conduct commerce, from anywhere. Slack will continue to be led by CEO and Co-Founder Stewart Butterfield. Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California.It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, analytics, and application development.. The combination of Salesforce and Slack also brings together two of the software industrys most dynamic communities, creating an open and extensive ecosystem that will deliver the next generation of digital-first apps and workflows for business. The two companies have a history of bitter competition with Microsoft slurping up whoever Salesforce . Together, they will deliver the Slack-first customer 360 that gives businesses a . Slack also saw strong performance in customer acquisition, especially in the enterprise. Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it, said Marc Benioff, Chair and CEO, Salesforce. Did Salesforce pay too much? Salesforce (NYSE: CRM), the global leader in CRM, and Slack Technologies, Inc. (NYSE: WORK), the most innovative enterprise communications platform, have entered into a definitive agreement under which Salesforce will acquire Slack. Together, Salesforce and Slack will create the most extensive open ecosystem of apps and workflows for business and empower millions of developers to build the next generation of apps, with clicks not code. Slack Connect extends the benefits of Slack to enable communication and collaboration between a companys employees and all its external partners, from vendors to customers. Jul. Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined companys business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated closing date for the proposed transaction and other aspects of our operations or operating results. The trouble, as in any acquisition, is justifying the price. On Tuesday, August 17, 10:00 a.m. PT/1:00 p.m. ET/6:00 p.m. BST, Salesforce President and COO Bret Taylor and Slack CEO and Co-Founder Stewart Butterfield will host an event to share more about how the two companies are creating a powerful platform for the digital-first, work anywhere world. "In Q2, Slack's revenue grew 39% year-over-year on a stand-alone basis, which excludes any impact of purchase accounting. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. 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