Salesforce is reportedly in “advanced talks” with Slack over a potential acquisition — a deal that would be a good fit for both organizations, according to analysts. Salesforce stock has climbed nearly 40 percent this year, valuing the company at $220 billion. The acquisition could help Salesforce compete with its longtime rival Microsoft, which has benefited from an explosion in use of its Microsoft Teams app amid the pandemic. Slack deal would pit Salesforce against Microsoft, with Tableau acquisition as a potential blueprint Todd Bishop 10 mins ago This Michigan mom endured a COVID-19 nightmare. Indeed, the relationship between the companies took on a familiar frosty feel during Microsoft’s $27 billion LinkedIn acquisition. Microsoft faces a new competitive challenge in collaboration software. The Slack acquisition means that Salesforce is throwing its hat in the ring to compete with Microsoft Teams, shortly after announcing that Salesforce is partnering with Microsoft to extend the collaboration between Salesforce and Microsoft Teams. With that in mind, it wouldn’t be at all surprising to see more acquisitions from Salesforce to further position the company in the communications and collaboration space. Notably, Slack had ended second-quarter fiscal 2021 with more than 130,000 paid customers . Salesforce has announced its intent to acquire Slack for an estimated $27.7 billion in a deal that would fuse two of Microsoft's biggest rivals in the business applications space. Messaging service Slack was facing fierce competition from Microsoft in regard to its office chat and productivity platforms, whereas Salesforce was competing with the multinational technology company in the cloud sector. In this post, we analyze every angle of this deal from the perspective of the three companies it impacts most of all — Salesforce, Slack, and most of all, Microsoft. Recently Salesforce, the CRM powerhouse that had recently surpassed annual revenue around $20 billion, announced that it was wading deeper into enterprise social by acquiring Slack in … The acquisition sets up a showdown with Microsoft and its Teams platform over the future of collaboration and digital work. An acquisition of Salesforce could have cemented Microsoft's cloud business. The deal was considered far more likely since Microsoft CEO Satya Nadella took control 18 months ago. While Slack may replace in Salesforce customer accounts, this move will not erode Microsoft Teams penetration -- in and outside of Salesforce accounts. The cloud services … Salesforce has acquired Slack for $27.7 billion, making this the biggest acquisition in Salesforce's history, and depending on how you categorize it, the biggest tech acquisition of this year. Joint Microsoft-Salesforce offerings will include the Salesforce1 customer platform for Windows and Windows Phone 8.1, which the companies say will enable customers to access Salesforce and run their businesses from Windows devices.A preview is planned for the fall, with general availability to follow next year, they say. On Tuesday, it said its revenue rose 20 percent to $5.24 billion in … Slack is Salesforce's third big acquisition target in the past two years. Are you familiar with the megadeal?. Thirdly, the acquisition will bring a massive number of global customers to Salesforce. Slack users have cited performance issues and reported its video conferencing solution is unstable. The acquisition of Slack gives Salesforce a major boost in the enterprise communication space and this combination is expected to give strong competition to Microsoft. With the acquisition, the Salesforce and Slack combine is looking at giving better competition to the longtime industry behemoth Microsoft which has its … Interestingly, in March 2016, Microsoft founder Bill Gates and CEO Satya Nadella reportedly talked other Microsoft executives out of an $8 billion bid for Slack. The grand plan is to combine Slack Connect and Salesforce … Naturally, the acquisition also positions Salesforce better against Microsoft, especially with the clear message from businesses that remote work is here to stay. The acquisition sets up a competitive collision between Salesforce and Microsoft, whose own Teams collaboration software has gained huge market traction and user adoption this year. Salesforce Customer 360 will be integrated with Slack. Salesforce’s acquisition comes at a much needed time as the communication company as it faces Microsoft. Slack is being acquired by salesforce.com. Salesforce Eyes Slack Acquisition To Escalate Fight With Microsoft: Report. Have you heard about the latest merger: Salesforce acquisition? Salesforce agreed to buy the enterprise communications company Slack for about $27.7 billion at the beginning of December. "What I'm seeing with this acquisition is Salesforce's continued foray into being a home for the employee digital workplace and their overall employee experience." "Salesforce has evolved into a digital workplace contender akin to Microsoft," said Carrie Marshall, CEO of Talk Social to Me. Have you heard about salesforce’s latest acquisition?. The acquisition would create an extensive open ecosystem of apps and workflows for business, and enable Slack to expand its enterprise footprint among Salesforce customers. Salesforce.com Inc.'s CRM, -0.22% acquisition of Slack Technologies Inc. WORK, -0.19% would be a major challenge to Microsoft Corp. MSFT, +1.30%, one analyst said Wednesday, following a … However, he warned that in the long run this acquisition could ultimately work in favor of Microsoft, particularly Microsoft Dynamics 365, Microsoft’s CRM and ERP products. Have you heard the latest Slack news?. The acquisition will allow both Slack and Salesforce to take on Microsoft. Salesforce's $27.7 billion acquisition of Slack makes perfect sense, but Marc Benioff's grand vision is going to have to survive a reality check Matt Weinberger 2020-12-05T13:50:00Z Thirdly salesforce microsoft acquisition the relationship between the companies took on a familiar frosty feel during Microsoft ’ s latest acquisition.... Will bring a massive number of global customers to Salesforce of Salesforce could have cemented Microsoft 's cloud.. 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