īut after hearing the earnings call, I don’t think I’ve ever heard an acquisition described with more passion, more commitment and more unshakeable excitement than Salesforce’s purchase of Slack. I said as much before the earnings call in a piece called Salesforce Unleashes Slack and Rocks the Cloud. I’m sharing this perspective on the rapture-factor because often the potential of a deal is revealed not only in the numbers but in the very public commitments made by the execs who approved the deal and are putting their company and their reputations on the line.

Of course, new acquisitions are always portrayed in favorable lights by the people who just made the decision to shell out billions for those deals, but even by those standards, the commentary about Slack from the Salesforce execs was a lovefest of bedazzled proportions.

25 earnings call were certainly attention-grabbing, the ultimate show-stealer was the lavish praise poured on Slack by Benioff, COO Bret Taylor, CFO Amy Weaver and chief revenue officer Gavin Patterson. The company would be able to cross sell its cloud-based products to Slack customers.While the financial numbers presented on Salesforce’s Aug. 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. 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. 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. Firstly, the buyout would enhance Salesforce’s team collaboration software capabilities. The acquisition of Slack is likely to be a huge win for Salesforce.

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.

Salesforce acquisition of slack