Salesforce acquires Slack for over $27 billion

Salesforce, the American leader in cloud computing services, has officially announced the acquisition of Slack’s project management service and cooperation between different business teams in organizations, after news emerged of the acquisition earlier this week, which is the largest acquisition for Salesforce. The largest significant acquisition in the software industry in recent years.
The deal to acquire Slack costs Salesforce approximately $ 27.7 billion, with Slack shareholders receiving $ 26.79 in cash, plus 0.0776 shares of Salesforce for every Slack share, which represents a total of about $ 27.7 billion according to the share price. Sales Force on November 30, 2020, according to the official statement issued by both companies.

Commenting on the acquisition of Slack, Mark Benioff, CEO of Salesforce, said that Stewart – CEO – and his team had succeeded in building one of the most popular platforms in the history of enterprise-oriented software, adding that both Salesforce and Slack would together shape the future of enterprise software. They will also change the way everyone works in the completely digital world of work, from anywhere.

Slack founder: This deal represents the best strategic mix in software history
While Stuart Butterfield, CEO of Slack (also founder of Flickr), said that Salesforce started the cloud computing revolution two decades ago, and the solutions it provides still offer big choices about the way businesses operate, adding that because software is now playing an important role In the performance of each organization, he sees tremendous opportunities in Salesforce’s acquisition of Slack, as both companies share a vision in terms of streamlining experience and increasing flexibility, and he also said he personally believes the deal represents the best strategic mix in software history.

Slack was established as a games company in 2009, then turned into a service for organizing and managing work teams within commercial enterprises, to become a major competitor to the software giant Microsoft, as the daily number of users of the service reached more than 12 million active users in October of last year 2019, but the emerging company It faced great challenges recently, as Microsoft enhanced its Teams competition service features to take advantage of the conditions imposed by the outbreak of the Covid-19 epidemic, as the number of Microsoft Teams users reached about 115 million daily users, as the company announced at the end of last October 2020.

Sales Force is considered one of the largest software companies in the world, with a value of about 220 billion US dollars, and it is also considered a major competitor to Microsoft in the cloud computing sector, but it is famous for its management program.