![]() ![]() On November 14, 2023, Salesforce announced the replacement that named Denise Dresser to succeed Lidiane Jones as CEO of Slack. On November 13, 2023, Salesforce executive Denise Dresser was appointed to replace Jones, who was in turn replacing Whitney Wolfe Herd as Bumble CEO. ![]() On December 5, 2022, Salesforce announced that Stewart Butterfield was leaving Slack and would be succeeded by Lidiane Jones, an executive vice president at Salesforce. The acquisition was successfully completed on July 21, 2021. ![]() On December 1, 2020, Slack and Salesforce announced an agreement for Salesforce to acquire the company for approximately $27.7 billion, marking one of the most significant tech acquisitions at that time. Almost a year later, in June 2021, its functionality launched as an optional feature within Slack named "Slack Atlas." In July 2020, Slack acquired Rimeto, a startup specializing in employee directories and profiles, with plans to rename the service and operate it as a standalone app. In June 2019, Slack went public through a direct public offering to reach a market value of US$19.5 billion. On July 26, 2018, Slack acquired HipChat and Stride from Atlassian, with plans to shut down both services in February 2019 and migrate their users to Slack. However, in May 2018, the company chose to close down these corresponding gateways due to limitations inherent in those protocols. Additionally, it was also compatible with XMPP messaging protocols. In August 2013, Slack was launched to the public and continued to maintain compatibility with IRC, reflecting its origin. In 2012, Stewart Butterfield decided to name their upcoming product "Slack," which he said was derived from the phrase "Searchable Log of All Conversation and Knowledge," replacing the previous codename "linefeed." As a result, he decided to change the direction of his company and repurpose the communication tools they had developed into a new product. However, in October 2012, Stewart Butterfield came to the realization that Glitch was not going to bring necessary profits. These communication tools were initially built around the Internet Relay Chat (IRC) protocol and included scripts designed to automate and organize file exchanges among their development team. Slack originated as an internal communication tool used within Stewart Butterfield's company, Tiny Speck, during their work on the development of Glitch, an online game. Slack has freemium and paid subscriptions model, and platform offers functionalities such as text messaging, file and media sharing, voice and video calls, and group chat for team collaboration. Slack is a cloud-based team communication platform developed by Slack Technologies, which is currently owned by Salesforce. Chinese (Traditional), Chinese (Simplified), English (UK), English (US), French (France), German (Germany), Italian (Italy), Japanese (Japan), Korean (South Korea), Portuguese (Brazil), Spanish (Latin America), Spanish (Spain) Julia La Roche is a correspondent for Yahoo Finance. Shares of Salesforce are up 7.9% year-to-date. Shares of Salesforce were last trading up 0.14%, or 34 cents, near $240.45 in the pre-market. Every business-in every industry-has to optimize for a digital-first customer, employee, and partner experience," the company said in its announcement. "Headquarters are no longer on Madison Avenue or Main Street-they are in the cloud. ![]() Last week, the Department of Justice told the company it closed its antitrust investigation of the deal, giving the green light for the transaction's close.Īs companies debate the future of work post-COVID, Salesforce said companies learned last year that "if you don't have a digital way to connect with your employees, customers, and partners, you don't have much of a chance of surviving." In December, Salesforce signed a definitive agreement to acquire the popular messaging software platform Slack Technologies in a cash and stock deal worth $27.7 billion, making it Salesforce's largest-ever acquisition. I could not be more excited for what's to come," Butterfield added. "Salesforce and Slack are uniquely positioned to lead this historic shift to a digital-first world. ![]()
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