It’s a remarkable achievement for a company that started just seven years ago, and certainly a happy. The competition has become bitter, and earlier this year Slack filed a lawsuit against Microsoft in the European Union, accusing the company of antitrust practices. 1), Slack sold its business to software giant Salesforce for 27.7 billion.
But in 2016, Microsoft introduced its Teams platform, and integrated it with Office 365, making the product available to its more than 115 million users. Slack, which launched in 2013, had largely been credited with ushering in a whole new workplace collaboration sector with its instant messaging app, and was an instant hit with enterprise customers, growing to more than 15 million users. By entering the space, Moerdler says, Salesforce may be prompted to continue making acquisitions in the collaboration sector to complement Slack for example, document management companies like Box or Dropbox, and video conferencing firms, such as RingCentral. Salesforce confirmed its plan to acquire Slack and revealed the purchase price, 27.7 billion in cash and stock, perhaps not coincidentally topping Microsoft’s 26.2 billion LinkedIn acquisition. By acquiring Slack, Salesforce would be going head-to-head with Microsoft’s mammoth collaboration business, which generated over $25 billion in revenue from commercial customers in the past year, according to Mark Moerdler, an analyst at Bernstein.
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