Salesforce agreed to pay $27.7 billion for … Introducing Salesforce Hyperforce. Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share held. After 21 years and as it enters this new decade, Adam Blitzer, EVP and GM of the Marketing Cloud, shares his … Salesforce has acquired Slack for approximately $27.7 billion. Salesforce on Tuesday said it would acquire Slack for $27.7 billion in cash and stock. News provided by. Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. By Erin Griffith and Lauren Hirsch Dec. 1, 2020, 4:10 p.m. The Complete Salesforce Trailhead 2020: From Zero to Hero 7-Course Bundle is available in our deals store for just $25. 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 … Download this Press Release PDF Format (opens in new window) The world's #1 CRM, available on major public clouds. We’ll continue to iterate on our processes, tools, and practices as we continue to grow our workforce and evolve our business. 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. SAN RAMON, Calif. (AP) — Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at … 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. Salesforce announced it was purchasing Slack, its largest acquisition to date, after Tuesday's close. Today, Salesforce has become an iconic force in creating SaaS and CRM. A core aspect of Salesforce’s culture is our deep commitment to equality, which guides everything we do. Dec. 1 (UPI) --Cloud computing company Salesforce acquired workplace chat app Slack in an agreement announced by the two companies Tuesday. Slack Connect extends the benefits of Slack to enable communication and collaboration between a company’s employees and all its external partners, from vendors to customers. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to Salesforce’s and Slack’s respective periodic reports and other filings with the SEC, including the risk factors identified in Salesforce’s and Slack’s most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Copies of the documents filed with the SEC by Salesforce will be available free of charge on Salesforce’s website at www.salesforce.com/investor or by contacting Salesforce’s Investor Relations department at investor@salesforce.com. Salesforce agreed to … December 02, 2020. This will combine Slack with Salesforce Customer 360 and will be transformative for customers and the industry. Dec. 2, 2020 SAN FRANCISCO — Five years ago, Marc Benioff negotiated to sell Salesforce, the software company he co-founded in 1999 and … The stock is down about 20 points since the deal was publicized. This document is not a substitute for the proxy statement/prospectus or registration statement or any other document that Salesforce or Slack may file with the SEC. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The opportunity we see together is massive,” said Stewart Butterfield, Slack CEO and Co-Founder. Jim Cramer discusses the latest stock market news including the Salesforce-Slack acquisition, the U.K.'s approval of the Pfizer vaccine and McDonald's stock. As the new interface for Salesforce Customer 360, Slack will transform how people communicate, collaborate and take action on customer information across Salesforce as well as information from all of their other business apps and systems to be more productive, make smarter, faster decisions and create connected customer experiences. That’s why in 2015, Salesforce made a commitment to equal pay for equal work. We're pleased to share that Forrester Research has ranked Salesforce a Leader in "The Forrester WaveTM: Experience Optimization Platforms, Q4 2020" report. Under the terms of the … Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. Additional Information about the Merger and Where to Find It. 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. ... Dec 2, 2020 3:04 PM EST. The assessment found seven percent of employees required equal pay adjustments. 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 is buying workplace messaging app Slack for $27.7 billion, marking the largest acquisition in the San Francisco-based cloud-based company’s history.. 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. Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers. Sep 10, 2020 Join us for our first-ever Global Partnerforce Live.This virtual event is designed to inspire you - as part of our partner ecosystem - to continue growing together with Salesforce, while driving customer success. That is $45.50 per share, based on Salesforce… “Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” said Marc Benioff, Chair and CEO, Salesforce. News provided by. SAN FRANCISCO, Dec. 2, 2020 /PRNewswire/ -- Salesforce… BofA Securities, Inc. is serving as exclusive financial advisor to Salesforce and Wachtell, Lipton, Rosen & Katz and Morrison & Foerster LLP are serving as legal counsel to Salesforce. When comparing the two extremes of the scale, the happiest people outweighed the most unhappy. The news comes despite Benioff — who with his wife, Lynne, shelled out $190 million to scoop up Time magazine in 2018 — denying in August that Salesforce was pursuing any acquisitions. Know more about this breakthrough along with other interesting news in this week’s top news brought to you by Analytics India Magazine. 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 Signs Definitive Agreement to Acquire Slack. It’s the leading channel-based messaging platform, used by millions to align their teams, unify their systems, and drive their businesses forward. Our culture is unique because it’s intentional, prioritized, measured, and we are constantly innovating. You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. 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. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. The definitive proxy statement/prospectus (if and when available) will be mailed to stockholders of Salesforce and Slack. Salesforce Signs Definitive Agreement to Acquire Slack. Dreamforce to You 2020 will be a major step toward that future, if it succeeds. Dreamforce to You 2020 … ... 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… ET SAN FRANCISCO — Salesforce on Tuesday said it would buy the workplace software company Slack for $27.7 billion in … 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. 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 … “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. Salesforce was rated highest among all vendors in the strategy category. It allows businesses to purchase … Salesforce Nov 24, 2020, 07:30 ET. Know more about this breakthrough along with other interesting news in this week’s top news brought to you by Analytics India Magazine. Slack is where work happens. Salesforce Buys Slack. Dreamforce to You 2020 will be a major step toward that future, if it succeeds. View all news. The news comes despite Benioff — who with his wife, Lynne, shelled out $190 million to scoop up Time magazine in 2018 — denying in August that Salesforce was pursuing any acquisitions. Salesforce sees tech conferences of the future as truly hybrid in-person/digital events. As part of the world’s #1 CRM, Slack will be able to expand its presence in the enterprise, not just among Salesforce customers, but for any company undergoing digital transformation. Salesforce … Salesforce today peeled back the curtains on ReceptorNet, a machine learning system researchers at the company developed in partnership with clinicians at … We talk to Ina Fried, technology correspondent for Axios, about Salesforce's intentions to buy Slack. Share this article. It is a new layer of the business technology stack where people can work together more effectively, connect all their other software tools and services, and find the information they need to do their best work. Investor Day to be broadcast live on Salesforce's investor relations website. After 21 years and as it enters this new decade, Adam Blitzer, EVP and … Salesforce has acquired Slack for approximately $27.7 billion. Today, we’ve completed our FY21 compensation planning process, which included an equal pay assessment of our 50,000 employees (excluding Tableau employees, which completed its own assessment). Salesforce Signs Agreement to Acquire Vancouver-founded Slack for US $27 Billion. … ... Top News. Salesforce is the #1 CRM that enables companies to sell, service, market and conduct commerce, from anywhere. 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. View all news. Published December 1, 2020 7:42 pm Salesforce to buy Slack in $27.7 billion deal Salesforce is buying workplace messaging app Slack for $27.7 billion, marking the … Salesforce sees tech conferences of the future as truly hybrid in-person/digital events. Introducing Salesforce Hyperforce. 2020 Salesforce Equal Pay Update I joined Salesforce in September 2019 — just over six months ago today — and I couldn’t be more grateful. Download this Press Release PDF Format (opens in new window) The world's #1 CRM, available on major public clouds. Slack and the Slack logo are trademarks of Slack Technologies, Inc. or its subsidiaries in the U.S. and/or other countries. Today, Salesforce has become an iconic force in creating SaaS and CRM. Other names and brands may be claimed as the property of others. You can read more about Molly’s story, the importance of recognizing Equal Pay Day, and how you can become an equal pay advocate here. 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. “This is a match made in heaven. Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. If the … CRM’s universe is expanding as it buys Slack (WORK) As 2020 comes to an end, CRM bought Slack Technologies (), a publicly traded company with a market cap of around $24.367 billion as of December 2.CRM paid an enterprise value of $27.7 billion for WORK. Salesforce places at No. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. The company is truly a best place to work, and I … Salesforce has agreed to acquire Slack Technologies in a deal worth $27.7bn. 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. for a $10.0 billion senior unsecured 364-day bridge loan facility, subject to customary conditions. SAN RAMON, Calif. (AP) — Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the … The … We're pleased to share that Forrester Research has ranked Salesforce a Leader in "The Forrester WaveTM: Experience Optimization Platforms, Q4 2020" report. Slack is a big bite, and an imperfect fit, but if … Share this article. This will combine Slack with Salesforce … Salesforce today peeled back the curtains on ReceptorNet, a machine learning system researchers at the company developed in partnership with clinicians at the University of Southern … 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. All rights reserved. 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. Salesforce has announced a $27.7bn stock and cash acquisition of Slack ahead of the virtual iteration of its Dreamforce 2020 event. Slack will be deeply integrated into every Salesforce Cloud. 4 in our ratings of the Best CRM Software of 2020, in a tie with Apptivo and Agile CRM. Since then, the company has evaluated pay on an ongoing basis to address any gaps among gender and race. Today after the bell, Salesforce reported its third-quarter earnings for its fiscal 2021, a period that ended October 31, 2020. 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. The MarketWatch News Department was not involved in the creation of this content. 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. The forward-looking statements included in this communication are made only as of the date hereof. 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. ... 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. 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. 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