[ad_1]
Salesforce on Tuesday stated it will acquire Slack for $27.7 billion in money and inventory. The messaging platform will likely be “deeply integrated into every Salesforce Cloud,” the businesses wrote in a press release. When the transaction closes, Slack will likely be an working unit of Salesforce, and Slack CEO Stewart Butterfield will proceed to lead the platform.
“Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” Salesforce CEO Marc Benioff stated within the assertion. “Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world.”
The acquisition comes amid a soar in distant work due to the coronavirus pandemic. In October, Slack teased new options, together with push-to-talk audio calls, Instagram-like tales and the flexibility for folks from any firm to ship customers direct messages.
“Salesforce and Slack will give companies a single source of truth for their business and a unified platform for connecting employees, customers and partners with each other and the apps they use every day, all within their existing workflows,” the businesses stated.
The transaction is predicted to shut within the second quarter of Salesforce’s fiscal 12 months 2022, pending approval by Slack stockholders, regulatory approvals and different closing situations.
Following studies of a potential acquisition final week, shares of Slack rose nearly 30%.
(This story has not been edited by Newslivenation employees and is auto-generated from a syndicated feed.)