Salesforce completes acquisition of Slack

Vancouver-founded Slack has officially been acquired by Salesforce, nearly eight months after Salesforce announced plans to acquire the workplace communications app for $27.7 billion USD.

The final terms of the acquisition, which was initially announced in December, were not disclosed. Slack will continue to operate under its own brand, with co-founder Stewart Butterfield remaining as CEO.

“Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world.”
-Stewart Butterfield, Slack
 

Through the combination of Salesforce and Slack, Salesforce said the two San Francisco-based companies aim to create “the business operating system for the new world of work.”

“We have a once-in-a-generation opportunity to rethink and reshape how and where we work,” said Butterfield. “Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world. I could not be more excited for what’s to come.”

Founded in 2009 in Vancouver, Slack offers a workplace communication software platform. Today, the company is headquartered in San Francisco, but maintains a presence in Vancouver and Toronto.

Slack went public on the NYSE in June 2019 via direct listing. During COVID-19, amid the shift to remote and hybrid work arrangements, Slack saw record customer growth.

RELATED: Slack to be acquired by Salesforce for $27.7 billion USD

Salesforce offers customer relationship management (CRM) software to businesses. Following the acquisition, Slack will become the new interface for Salesforce Customer 360, a tool that allows companies to connect Salesforce apps in order to build a single view of a given customer.

“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. “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.”

Feature image from Slack via Twitter

Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.