Microsoft Teams says it has 115 million daily active users. Slack has said it has about 12 million daily active users. It has been one of Slack's biggest weaknesses in its competition with the deep-pocketed and expansive Microsoft, which has a huge ecosystem of products it can attach its Teams to. About 40% of the company's revenue in the latest fiscal year came from just 963 organizations writing at least $100,000 in annualized checks to Slack. Slack is still dependent on a relatively small number of big customers. Although the platform 'won' over specialists and teams, it didn't persuade their bosses to pay for versions that are tuned to a corporation's security and data-compliance needs. We all know that Slack has been the canonical example of the 'bottom-up' product in corporate tech for a long time. 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." This move could be a smart win-win deal for both Salesforce and Slack. Marc Benioff, Chair and CEO of Salesforce, said: "This is a match made in heaven.
Salesforce, the CRM powerhouse, bought Slack, a team collaboration platform, in a deal worth $27.7 billion.
A rumored deal between Salesforce and Slack was officially confirmed on Tuesday, December 1st.
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