11/7/2023 0 Comments Salesforce slack acquisition date![]() The company would be able to cross sell its cloud-based products to Slack customers. Slack had ended first-quarter fiscal 2022 with more than 169,000 paid customers. ![]() Thirdly, the buyout will bring a massive number of global customers to Salesforce. '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. Per MarketsAndMarkets, the global digital transformation market size is estimated to reach $1.01 trillion by 2025 from $469.8 billion in 2020, reflecting a CAGR of 16.5% through 2020-2025. Together, Salesforce and Slack are creating the digital HQ for success from anywhere Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. Secondly, the deal will help Salesforce capitalize on solid opportunities from the major digital transformation initiatives undertaken by organizations. The company intends to integrate Slack’s software into its every cloud-based office suits, with the goal of improving collaboration between sales and customer support teams. Salesforce and Slack had announced their entry into a definitive agreement on Dec 1, 2020, under which the former agreed to acquire the latter in a cash and stock transaction worth 27.7 billion. Firstly, the buyout would enhance Salesforce’s team collaboration software capabilities. The acquisition of Slack is likely to be a huge win for Salesforce. Pursuant to the Merger Agreement, Merger Sub I merged with and into Slack, with Slack continuing as the Surviving Corporation and a wholly owned subsidiary of Salesforce, and immediately following the First Merger, the Surviving Corporation merged into Merger Sub II, with Merger Sub II. Salesforce and Slack had announced their entry into a definitive agreement on Dec 1, 2020, under which the former agreed to acquire the latter in a cash and stock transaction worth $27.7 billion. On J(the 'Closing Date'), Salesforce completed its previously announced acquisition of Slack.
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