Cloud computing pioneer, Salesforce, announced it is buying the popular workplace chat app, Slack on Tuesday, reports said.
Salesforce is paying Slack Technologies Inc. $27.7 billion, its biggest deal so far, Reuters said.
Under the two companies’ terms of the agreement, Slack shareholders will get $26.79 billion in cash. Also, they’ll get 0.0776 shares of Salesforce common stock for every Slack share.
“This is a match made in heaven,” says Salesforce CEO and Chair, Marc Benioff.
According to Salesforce’s statement, combining the Slack app and Salesforce’s Customer 360 will bring evolution to both the industry and its customers. Also, the integration will create innovative ways of working in today’s digitized world.
Salesforce has revolutionized cloud computing and has ever since worked towards all possibilities to transform how people work.
In fact, Slack’s CEO, Stewart Butterfield, is feeling excited with the massive opportunities the collaboration offers.
Moreover, the new partnership will “shape the future of enterprise software” and transform how everyone works in any part of the world, said Benioff.
New Salesforce Customer 360 Interface
According to the statement from the two companies, Slack will become Salesforce Customer 360’s new interface.
With that, Slack will integrate into all Salesforce Cloud and transform how people communicate and collaborate.
This integration of Slack into Customer 360 ensures more productivity, smarter and faster decisions for companies who use them.
Crucial in the Time of Pandemic
The COVID-19 pandemic has ushered in a lot of changes in the world, especially with how people work.
Whereas most companies would choose its employees to work inside the office in the past, the pandemic forced a lot of businesses to transition into working from home.
The timing of the acquisition can never be better.
Cloud computing, online collaboration, and communication have become the new norm in working together.
People and companies have relied more on digital and online services to do everything now.
Moreover, with these two companies, on top of the remote work game working together, we can only imagine all the possibilities and innovation they’d create soon.