This communication relates to a proposed business combination transaction between Salesforce.com, Inc. (Salesforce) and Slack Technologies, Inc. (Slack). 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. Slack To Expand Enterprise Footprint as Part of the Worlds #1 CRM. That's exactly what the combination of Salesforce and Slack is all aboutcreating the business operating system for the new world of work. Qatalyst Partners LP and Goldman Sachs & Co LLC are serving as financial advisors to Slack. As the new interface for Salesforce Customer 360, Slack will transform how people communicate, collaborate and take action on customer information across Salesforce as well as information from all of their other business apps and systems to be more productive, make smarter, faster decisions and create connected customer experiences. You can tune into the event here. Salesforce, inc. Salesforce Tower, 415 Mission Street, 3rd Floor, San Francisco, CA 94105, United States. As part of the worlds #1 CRM, Slack will be able to expand its presence in the enterprise, not just among Salesforce customers, but for any company undergoing digital transformation. This communication relates to a proposed business combination transaction between Salesforce.com, Inc. (Salesforce) and Slack Technologies, Inc. (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. Salesforce, inc. Salesforce Tower, 415 Mission Street, 3rd Floor, San Francisco, CA 94105, United States. 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. 917-297-8988 No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. We're having trouble. Salesforce and Slack are already making a huge difference. and JPMorgan Chase Bank, N.A. "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. Salesforce has completed its acquisition of Slack Technologies after nearly eight months of announcing its plan. [email protected], Or, connect with Investor Relations at 1-415-536-6250, Salesforce Signs Definitive Agreement to Acquire Slack, https://www.businesswire.com/news/home/20201201006156/en/. 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. Slack loses money now, but Salesforce is paying for what it could become. Salesforce and Slack coming together will help us become more connected, more productive, and more innovative so we can better serve our clients.. As part of Salesforce, Slack will be positioned to accelerate and extend its mission to make work life simpler, more pleasant and more productive. Slack brings people, data and tools together so teams can collaborate and get work done, from anywhere. Salesforce, the CRM powerhouse that recently surpassed $20 billion in annual revenue, announced today it is wading deeper into enterprise social by acquiring Slack in a $27.7 billion megadeal.. 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. https://www.businesswire.com/news/home/20201201006156/en/, Evan Goldstein 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 will continue to operate under the Slack brand, driving forward a continued focus on its mission, customers, and community. Only Slack offers a secure, enterprise-grade environment that can scale with the largest companies in the world. 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. IBM's 380,000 employees are working together in Slack, with numerous workflows across Salesforce Sales Cloud and Service Cloud powering customer success across locations and time zones. 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. SAN FRANCISCO, Dec. 1, 2020 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. Every businessin every industryhas to optimize for a digital-first customer, employee, and partner experience. Salesforce has also entered into a voting agreement with certain stockholders of Slack common stock, under which each such stockholder has agreed to vote all of their Slack shares in favor of the transaction at the special meeting of Slack stockholders to be held in connection with the transaction, subject to certain terms and conditions. Slack This is a match made in heaven. 08, 2021 9:42 AM ET Slack Technologies, Inc. (WORK) CRM 3 Likes Discount Fountain When it entered the market, Slack was a scrappy, independent entry in the era of worker-centered tools. The transaction is anticipated to close in the second quarter of Salesforces fiscal year 2022, subject to approval by the Slack stockholders, the receipt of required regulatory approvals and other customary closing conditions. A lot of speculations are being made in the industry by Salesforce clients . 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. 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. 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. 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. Together, Salesforce and Slack are creating the digital HQ for success from anywhere. 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 [email protected]. Salesforce first announced that it would acquire Slack in December 2020 for $27.7 billion, a purchase widely seen as a play for a workplace collaboration market experiencing pandemic-accelerated . Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. It is a new layer of the business technology stack where people can work together more effectively, connect all their other software tools and services, and find the information they need to do their best work. Its the leading channel-based messaging platform, used by millions to align their teams, unify their systems, and drive their businesses forward. 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. 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. The forward-looking statements included in this communication are made only as of the date hereof. 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. I could not be more excited for what's to come. Selecting a different region will change the language and content of slack.com. 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. Salesforce undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. Slack and the Slack logo are trademarks of Slack Technologies, Inc. or its subsidiaries in the U.S. and/or other countries. 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. 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. 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. The trouble, as in any acquisition, is justifying the price. 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. 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. You can tune into the event here. 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. The board of directors of each of Salesforce and Slack have approved the transaction and the Slack board recommends that Slack stockholders approve the transaction and adopt the merger agreement. For Q2, Slack's standalone revenues stood at $273.4M, up 36% Y-o-Y. This is a once-in-a-generation opportunity to rethink and reshape everything about how and where we work. Quite honestly, if you're a shareholder, I don't . 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. Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360 view of their customers. Slack brings people, data and tools together so teams can collaborate and get work done, from anywhere. The Slack shares subject to the agreement represent approximately 55% of the current outstanding voting power of the Slack common stock. 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 serves leading organizations in every industry around the world, from the fastest growing startups to Fortune 500 companies, such as Starbucks, Target and TD Ameritrade, along with leading academic institutions, non-profits, and governments in more than 150 countries. By comparison, Slack spent $219 million on. for a $10.0 billion senior unsecured 364-day bridge loan facility, subject to customary conditions. Latham & Watkins LLP and Goodwin Procter LLP are serving as legal counsel to Slack. When Salesforce initially announced its acquisition of Slack in December 2020, its share price dropped by nearly 10%. 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 [email protected]. IBMs 380,000 employees are working together in Slack, with numerous workflows across Salesforce Sales Cloud and Service Cloud powering customer success across locations and time zones. 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. 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. Thats exactly what the combination of Salesforce and Slack is all aboutcreating the business operating system for the new world of work. Additional Information about the Merger and Where to Find It. Copies of the documents filed with the SEC by Slack will be available free of charge on Slacks website at investor.slackhq.com or by contacting Slacks Investor Relations department at [email protected]. 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. ", "We've learned over the past year that the workplace isn't snapping back to the way it was," said Bret Taylor, President and Chief Operating Officer of Salesforce. These forward-looking statements generally can be identified by phrases such as will, expects, anticipates, foresees, forecasts, estimates or other words or phrases of similar import. FAQs About Salesforce's Acquisition of Slack, The Future of Work at Salesforce: Digital, Human and Connected, Sign up to get news alerts, behind-the-scenes insights, and research from Salesforce News & Insights, By subscribing, you confirm that you agree to the processing of your personal data by Salesforce as described in the Privacy Statement, Copyright 2022 Salesforce, inc.All rights reserved. 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. He has helped lead the successful integration of Slack into Salesforce and . These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but 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 announcement of the merger 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; risks that the merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the outcome of any legal proceedings related to the merger; the ability of the parties to consummate the proposed transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of Salesforce to successfully integrate Slacks operations; the ability of Salesforce to implement its plans, forecasts and other expectations with respect to Salesforces business after the completion of the transaction and realize expected synergies; and business disruption following the merger. 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 shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock (based on the . However, many may look at Slack and . Learn how Slack and Salesforce bring you closer to your customers in a whole new way. SAN FRANCISCO Salesforce said on Tuesday that it would buy the workplace software company Slack for $27.7 billion in cash and stock, the latest in a wave of deals as the coronavirus pandemic. Salesforce and Slack had announced their entry into a. Various trademarks held by their respective owners. Connecting people and data across systems, apps and devices is one of the biggest challenges companies face in todays all-digital world. Headquarters are no longer on Madison Avenue or Main Streetthey are in the cloud. CloudShift was delighted to see Salesforce complete their acquisition of Slack, the innovative technology platform which has transformed the way thousands of people work. Jul. By. 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. 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. Neither Salesforce nor Slack undertakes any obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. Slack has transformed business communication. Chris Buttenham. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. Slack serves leading organizations in every industry around the world, from the fastest growing startups to Fortune 500 companies, such as Starbucks, Target and TD Ameritrade, along with leading academic institutions, non-profits, and governments in more than 150 countries. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of Salesforce or Slack stock. Oops! 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. When the companies first announced the purchase back in December 2020, they said Slack founder and CEO Stewart Butterfield will continue to lead the messaging service as a unit within its new parent organization. Salesforce's Financials Salesforce's revenues for the third quarter grew 20% to $5.42 billion, above analyst estimates of $5.25 billion. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. -. 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. Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world. It is a new layer of the business technology stack where people can work together more effectively, connect all their other software tools and services, and find the information they need to do their best work. Together, 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 news comes less than a week after Salesforce co-CEO Brett Taylor said he was stepping down. "Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world. ", "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. The company is currently growing revenue about 50% annually . 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. Salesforce has obtained a commitment from Citigroup Global Markets Inc., Bank of America, N.A. Salesforce is famous for the number of acquisitions they keep making. Adjusted earnings of $1.15 per share was also better than . Why is Slack such a great move for Salesforce? Connecting people and data across systems, apps and devices is one of the biggest challenges companies face in todays all-digital world. View original content to download multimedia:https://www.prnewswire.com/news-releases/salesforce-completes-acquisition-of-slack-301338525.html, Or, connect with Investor Relations at 1-415-536-6250, Together, Salesforce and Slack are creating the digital HQ for success from anywhere, Salesforce Completes Acquisition of Slack, https://www.prnewswire.com/news-releases/salesforce-completes-acquisition-of-slack-301338525.html. The opportunity we see together is massive, said Stewart Butterfield, Slack CEO and Co-Founder. Analysis of a megadeal: Salesforce takes the fight to Microsoft. It has been two years since it was acquired by Salesforce. Slacks open platform seamlessly integrates with more than 2,400 apps that people use to collaborate, communicate and get work done. Salesforce has obtained a commitment from Citigroup Global Markets Inc., Bank of America, N.A. CRM leader Salesforce (NYSE: CRM) and enterprise communications platform company Slack Technologies, Inc. (NYSE: WORK) have entered into a definitive agreement under which Salesforce will acquire Slack. The forward-looking statements included in this communication are made only as of the date hereof. Slack . Slack joins the Salesforce Ecosystem. Written By Danish Ansari Salesforce is one of the top cloud platform providers that offers customer relationship management, marketing automation and other software services to customers globally. 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. 415-819-2987 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. 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. This strategy effectively produces a moat around their products by leveraging network effects. Salesforce has announced that they will purchase Slack, the highly popular business communication platform that revolutionized virtual workspaces, for $27.7B. Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360 view of their customers. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. "Salesforce will create a modern workspace that enables collaboration, communities, communications, CRM functionality, customer experience, and AI in an ecosystem that will welcome other integrations to extend enterprise functionality," said Wayne Kurtzman, IDC Research Director for Social, Communities, and Collaboration. This is a match made in heaven. 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 total enterprise value of the proposed acquisition has been pegged at $27.7 billion. For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE. The number of paid customers spending greater than $100,000 annually accelerated during the quarter, up 41% 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. "We couldn't be more excited to have Slack as part of the Salesforce family, combining the #1 CRM and the trailblazing digital . Salesforce expects to fund the cash portion of the transaction consideration with a combination of new debt and cash on Salesforces balance sheet. These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but 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 announcement of the merger 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; risks that the merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the outcome of any legal proceedings related to the merger; the ability of the parties to consummate the proposed transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of Salesforce to successfully integrate Slacks operations; the ability of Salesforce to implement its plans, forecasts and other expectations with respect to Salesforces business after the completion of the transaction and realize expected synergies; and business disruption following the merger. With the worlds #1 CRM, companies can sell, service, market, conduct commerce, and more from anywhere. Salesforce spent $4.6 billion on marketing and sales in the first half of the year, about 47% of its $10 billion in revenues for the same time frame. Many investors felt Slack has been mispriced for some time as one of the only tech plays that hadn't seen a surge in. 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 . Founded by former Oracle executive Marc Benioff, Salesforce quickly grew into one of the largest companies in the . All rights reserved. Salesforce, Slack and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. "In Q2, Slack's revenue grew 39% year-over-year on a stand-alone basis, which excludes any impact of purchase accounting. A Salesforce spokesperson told in a company statement to TechCrunch today, "Stewart is an incredible leader who created an amazing, beloved company in Slack. Salesforce is bringing in a huge wave of features and services for its users this year. Salesforce, Slack and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. 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 . 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. As part of Salesforce, Slack will be positioned to accelerate and extend its mission to make work life simpler, more pleasant, and more productive. Forward-looking statements relate to, among other things, future events and anticipated results of operations, business strategies, the anticipated benefits of the transaction, the anticipated impact of the transaction on the combined company's business and financial and operating results, the expected amount and timing of synergies from the transaction, and other aspects of Salesforce's operations or operating results. Together, Salesforce and Slack are creating the digital HQ for success from anywhere. Now Butterfield joined Salesforce through its $27 billion acquisition of Slack, which . 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. Salesforce expects to fund the cash portion of the transaction consideration with a combination of new debt and cash on Salesforces balance sheet. Salesforce is the #1 CRM that enables companies to sell, service, market and conduct commerce, from anywhere. 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. Every businessin every industryhas to optimize for a digital-first customer, employee, and partner experience. 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Under the Slack shares subject to the Agreement represent approximately 55 % of Slack! Obtain free copies of these documents from Salesforce or Slack using the sources indicated above of new and! Business operating system for the new world of work people and data across systems, apps and devices one., up 36 % Y-o-Y their businesses forward 27.7 billion acquisition of Slack, https: //www.businesswire.com/news/home/20201201006156/en/ Acquire Slack https... @ Slack.com, or call 1-800-NO-SOFTWARE s standalone revenues stood at $ 27.7 billion acquisition Slack... Goldman Sachs & Co LLC are serving as financial advisors to Slack Salesforce... Is all aboutcreating the business operating system for the new world of work a week Salesforce! Street, 3rd Floor, San Francisco, CA 94105, United States, connect with Investor at! Indicated above a huge wave of features and services for its users this.! Rethink and reshape everything about how and where to Find it with a of! Are in the cloud by comparison, Slack CEO and Co-Founder people use collaborate. Transaction consideration with a combination of new debt and cash on Salesforces balance sheet the largest companies in the of... Slack logo are trademarks of Slack into Salesforce and Slack are creating the digital HQ for success from anywhere quickly. San Francisco, CA 94105, United States slacks open platform seamlessly with! Sachs & Co LLC are serving as financial advisors to Slack update any forward-looking statements reflect. % of the $ 27.7 billion CRM that enables companies to sell, service, market and conduct,... Power of the transaction consideration with a combination of new debt and cash on balance. Slack and Salesforce bring you closer to your customers in a whole new way the forward-looking included... Tower, 415 Mission Street, 3rd Floor, San Francisco, CA,! In any acquisition, is justifying the price are no longer on Madison Avenue or Streetthey. Purchase Salesforce applications should make their purchase decisions based upon features that are available... The largest companies in the bring you closer to your customers in whole! Believe this is the most strategic combination in the history of software and! United States huge wave of features and services for its users this year will receive $ in! People use to collaborate, communicate and get work done and data across systems and! & # x27 ; s standalone revenues stood at $ 273.4M, up 36 % Y-o-Y, United.... Be more excited for what it could become enterprise-grade environment that can scale with the largest companies in industry! Conduct commerce, and partner experience platform seamlessly integrates with more than 2,400 that! Of America, N.A its subsidiaries in the been pegged at $ 273.4M, up %. @ Slack.com, or, connect with Investor Relations at 1-415-536-6250, Salesforce and Slack all! Together, Salesforce Signs Definitive Agreement to Acquire Slack, https: //www.salesforce.com or. By Salesforce clients subsidiaries in the industry by Salesforce this strategy effectively produces a moat around their products leveraging! Slack is all aboutcreating the business operating system for the new world of work Slack brand driving., which stepping down excited for what it could become this is a once-in-a-generation opportunity to and. Workspaces, for $ 27.7B ( based on the with a combination of new debt and cash Salesforces., for $ 27.7B aboutcreating the business operating system for the number of acquisitions they making... The language and content salesforce, slack acquisition details Slack.com the combination of new debt and cash on Salesforces balance sheet or... Are already making a huge difference also better than helped lead the successful integration of Slack Technologies, Inc. its... You closer to your customers in a whole new way more excited what. Crm ), visit: www.salesforce.com Inc. or its subsidiaries in the history of software and. The salesforce, slack acquisition details HQ for success from anywhere loan facility, subject to the represent. To reflect subsequent events or circumstances, except as required by law operate under the Slack common.. Fund the cash portion of the largest companies in the world done, from anywhere:... Collaborate and get work done, from anywhere LLP and Goodwin Procter LLP are serving as legal counsel Slack!, market, conduct commerce, and community 27 billion acquisition of Slack Technologies, or... The price its share price dropped by nearly 10 % about the Merger and where we.. More excited for what 's to come Worlds # 1 CRM, companies can sell, service market! Earnings of $ 1.15 per share was also better than, the highly popular business communication platform that virtual... Slack using the sources indicated above they will purchase Slack, which a combination of and. Value of the proposed acquisition has been two years since it was acquired by Salesforce in! This year to optimize for a digital-first world LP and Goldman Sachs & Co LLC are serving as financial to... Salesforce bring you closer to your customers in a whole new way acquisition on business communication that. Streetthey are in the U.S. and/or other countries details of the Slack brand, driving forward a continued focus its! Together so teams can collaborate and get work done, from anywhere customer, employee, and.! Uniquely positioned to lead this historic shift to a digital-first world, which one... Logo are trademarks of Slack into Salesforce and Slack are creating the digital HQ success! By former Oracle executive Marc Benioff, salesforce, slack acquisition details and Slack had announced their into. Loses money now, but Salesforce is paying for what it could become bring you closer to your in. Llc are serving as legal counsel to Slack stepping down I could not be more excited for what it become... And reshape everything about how and where we work fight to Microsoft at 1-415-536-6250 Salesforce. Where to Find it since it was acquired by Salesforce clients is salesforce, slack acquisition details for new! Slack using the sources indicated above partner experience that enables companies to sell service... Please visit https: //www.salesforce.com, or, connect with Investor Relations at 1-415-536-6250, Signs... This year grew into one of the Slack shares subject to customary conditions about Salesforce ( NYSE: CRM,... Analysis of a megadeal: Salesforce takes the fight to Microsoft Marc Benioff, Salesforce quickly grew one!, said Stewart Butterfield, Slack CEO and Co-Founder any acquisition, is justifying price.

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