Some capitalized on it while others struggled to thrive. The pandemic has affected many companies. “Together we’ll define the future of enterprise software, creating the digital HQ that enables every organization to deliver customer and employee success from anywhere.” – Salesforce Team Collaboration Tools It will accommodate data across an organization. This customer data platform enables companies to connect Map teams and the Salesforce app. Salesforce stated that Slack will be combined with Salesforce Customer 360. In the months leading up to the acquisition announcement, Slack’s share price went up to over $44 to have a market capitalization of $25 billion. Since Slack went public on the NYSE in 2019, its shares were in free fall. It grappled to benefit from the momentum and struggled to compete with Microsoft Teams and others. Unfortunately, though, Slack couldn’t keep up. Salesforce is known for its CRM tool.Īs the pandemic affected the workforce, remote working tools have become increasingly popular. In December 2020, Salesforce confirmed that it’s acquiring Slack for a whopping $27.7 billion deal. Salesforce bought Slack for $27.7 billion.
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