New post Thank you for 2021. Expecting a bigger you in 2022 Read More

News

Salesforce purchase SLACK $27.7 billion megadeal

1 Mins read

Slack was founded in 2013, but its origins go back to an online multiplayer game company called Glitch that was founded in 2009. While the game was ultimately a failure, the startup developed an internal messaging system in the process of building that company that later evolved into Slack.

Salesforce, the CRM powerhouse has acquired Slack, a social platform worth $27.7 billion megadeals.

Salesforce co-founder and CEO Marc Benioff didn’t mince words on his latest purchase. “This is a match made in heaven. 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,” Benioff said in a statement.

Slack’s current valuation, according to both Yahoo and Google Finance, is just over $25 billion, which, given its very modest price change after-hours means that the market priced the company somewhat effectively. Slack is up around 48% from its valuation that preceded the deal becoming known.

102 posts

About author
Odeajo Israel is a Software Engineer & Data Scientist. He is passionate about growing the technical communities
Articles
Related posts
NewsStartups

Apply to Wimbart Office Hours mentorship programme for early-stage startups

2 Mins read
Tech-focused public relations company, Wimbart, has launched the 4th edition of its PR mentorship and business support programme. The programme, which is…
News

Google to shutdown Hangout and migrate its data to Chat

1 Mins read
In an end-of-life move, Google has commenced steps to discontinue Hangout, and migrate services attached to its free, personal feature to Google…
MobileNews

Solana launches smartphone targeted at crypto enthusiasts

2 Mins read
Public blockchain platform, Solana, has launched its much anticipated smartphone. The smartphone, which was launched in New York yesterday, is targeted at…
Get powered up with Techpadi Newsletter

Be the first to know what's happening in the African tech space

Leave a Reply