View all news. 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. Dec. 2, 2020 SAN FRANCISCO — Five years ago, Marc Benioff negotiated to sell Salesforce, the software company he co-founded in 1999 and has run ever since, to Microsoft. Salesforce has acquired Slack for approximately $27.7 billion. and JPMorgan Chase Bank, N.A. The good news is that the majority of Salesforce professionals sit on the happier side, with almost two-thirds (63%) telling us they are ‘generally happy’. The ARK funds from Cathie Wood are among the best performing and most followed ETFs in 2020. The company is truly a best place to work, and I can see why we have earned top spots on best workplaces lists by Fortune, Forbes, Glassdoor, and others. Copies of the documents filed with the SEC by Slack will be available free of charge on Slack’s website at investor.slackhq.com or by contacting Slack’s Investor Relations department at ir@slack.com. Salesforce shares are trading up 1% to $222.17; Shares have fallen 10% in the last five days. Know more about this breakthrough along with other interesting news in this week’s top news brought to you by Analytics India Magazine. When comparing the two extremes of … Introducing Salesforce Hyperforce. Slack is where work happens. Slack is a big bite, and an imperfect fit, but if … Salesforce announced it was purchasing Slack, its largest acquisition to date, after Tuesday's close. “As software plays a more and more critical role in the performance of every organization, we share a vision of reduced complexity, increased power and flexibility, and ultimately a greater degree of alignment and organizational agility. This will combine Slack with Salesforce … 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. You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. Salesforce places at No. Salesforce has announced a $27.7bn stock and cash acquisition of Slack ahead of the virtual iteration of its Dreamforce 2020 event. Download this Press Release PDF Format (opens in new window) The world's #1 CRM, available on major public clouds. ET SAN FRANCISCO — Salesforce on Tuesday said it would buy the workplace software company Slack for $27.7 billion in … Salesforce Signs Definitive Agreement to Acquire Slack. In a recent press release, Salesforce announced Hyperforce, a new capability allowing customers to deploy Salesforce on major public cloud platforms Azure, AWS, Google, and Alibaba. 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 was rated highest among all vendors in the strategy category. News provided by. The wait is over – Dreamforce will be going ahead in 2020! Various trademarks held by their respective owners. Salesforce agreed to pay $27.7 billion for … The November 2020 study How Location Data Can Help Banks Prevent Online Fraud, PYMNTS surveyed a balanced panel of 2,141 U.S. consumers who … After 21 years and as it enters this new decade, Adam Blitzer, EVP and … December 02, 2020. Of those who received an adjustment, 96% were due to unexplained differences among genders, and in the U.S., four percent were due to unexplained differences across race and ethnicity. Salesforce is snapping up Slack for $27.7 billion in cash and stock, in a move that will mark its largest acquisition to date, the companies said Tuesday. Salesforce Nov 24, 2020, 07:30 ET. The good news is that the majority of Salesforce professionals sit on the happier side, with almost two-thirds (63%) telling us they are ‘generally happy’. Salesforce beat analysts' estimates in the quarter, but quarterly earnings guidance was soft and the financial news was overshadowed by the company's statement about acquiring Slack. Salesforce Signs Definitive Agreement to Acquire Slack. 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. We're pleased to share that Forrester Research has ranked Salesforce a Leader in "The Forrester WaveTM: Experience Optimization Platforms, Q4 2020" report. When comparing the two extremes of the scale, the happiest people outweighed the most unhappy. With the largest enterprise app ecosystem, the Salesforce platform is the easiest way to build and deliver apps to connect with customers in a whole new way. 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 SAN FRANCISCO, Dec. 1, 2020 – Salesforce … Today, Salesforce has become an iconic force in creating SaaS and CRM. 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. Neither Salesforce nor Slack undertakes any obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. Information about the directors and executive officers of Slack, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Slack’s proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on May 5, 2020, and Slack’s Annual Report on Form 10-K for the fiscal year ended January 31, 2020, which was filed with the SEC on March 12, 2020. 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. Under the terms of the … Share this article. That’s why in 2015, Salesforce made a commitment to equal pay for equal work. Dec. 2, 2020 SAN FRANCISCO — Five years ago, Marc Benioff negotiated to sell Salesforce, the software company he co-founded in 1999 and … Salesforce today peeled back the curtains on ReceptorNet, a machine learning system researchers at the company developed in partnership with clinicians at … The transaction is anticipated to close in the second quarter of Salesforce’s fiscal year 2022, subject to approval by the Slack stockholders, the receipt of required regulatory approvals and other customary closing conditions. Today, Salesforce has become an iconic force in creating SaaS and CRM. By Erin Griffith and Lauren Hirsch Dec. 1, 2020, 4:10 p.m. All rights reserved. In the biggest tech deal of the year so far, Salesforce announced that it plans to buy Slack Technologies — provider of the popular workplace-messaging system — in a cash and stock deal … “This is a match made in heaven. By Erin Griffith and Lauren Hirsch Dec. 1, 2020, 4:10 p.m. That is $45.50 per share, based on Salesforce… Dreamforce to You 2020 will be a major step toward that future, if it succeeds. SAN FRANCISCO, Nov. 24, 2020 /PRNewswire/ -- Salesforce (NYSE: CRM), … 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. Support the news Salesforce Likely ... December 01, 2020. Slack will be deeply integrated into every Salesforce Cloud. The Future of Work: New Salesforce Research Reveals How Organizations Should Work in a Pandemic World, 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 2020 Salesforce.com, inc. Latham & Watkins LLP and Goodwin Procter LLP are serving as legal counsel to Slack. 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 company’s 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. Today after the bell, Salesforce reported its third-quarter earnings for its fiscal 2021, a period that ended October 31, 2020. The opportunity we see together is massive,” said Stewart Butterfield, Slack CEO and Co-Founder. Dec. 1 (UPI) --Cloud computing company Salesforce acquired workplace chat app Slack in an agreement announced by the two companies Tuesday. Only Slack offers a secure, enterprise-grade environment that can scale with the largest companies in the world. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. 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. ... 2020, and Salesforce’s Annual Report on Form 10-K for the fiscal year ended January 31, 2020, which was filed with the SEC on March 5, 2020, as well as in a Form 8-K filed by Salesforce with the SEC on June 1, 2020. 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 brings people, data and tools together so teams can collaborate and get work done, from anywhere. The stock is down about 20 points since the deal was publicized. It allows businesses to purchase … Salesforce on Tuesday said it would acquire Slack for $27.7 billion in cash and stock. ... Top News. December 02, 2020. 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.. It’s one part of our equality journey. Salesforce COO Bret Taylor announced “Hyperforce” during Marc Benioff’s opening keynote at the virtual version of the supplier’s 2020 Dreamforce event in San Francisco. 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. San Francisco, CA (and Vancouver, BC), December 2, 2020--Salesforce (NYSE: CRM), a global leader in CRM, and Slack Technologies (NYSE: WORK), developers of an innovative enterprise communications platform, have entered into a definitive agreement under which Salesforce will acquire Slack. View all news. We talk to Ina Fried, technology correspondent for Axios, about Salesforce's intentions to buy Slack. 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. Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. As a result, we spent $2.1 million to address any unexplained differences in pay, totaling more than $12 million spent to date to ensure our global workforce is paid fairly. If the … Dreamforce to You 2020 will be a major step toward that future, if it succeeds. Download this Press Release PDF Format (opens in new window) The world's #1 CRM, available on major public clouds. Salesforce has agreed to acquire Slack Technologies in a deal worth $27.7bn. Salesforce has announced a $27.7bn stock and cash acquisition of Slack ahead of the virtual iteration of its Dreamforce 2020 event. SAN RAMON, Calif. 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