Salesforce Buys Slack for $27.7 Billion: A Game-Changer for Sales Teams?

In a significant move, Salesforce, the global leader in customer relationship management (CRM), has completed its acquisition of Slack Technologies, Inc., a popular collaboration platform used by businesses around the world. The deal, worth $27.7 billion, is Salesforce's biggest acquisition to date and marks a major shift in the company's strategy.

So, what does this mean for sales teams? According to Salesforce, the combination of their platforms will help companies boost productivity and transform the way sales teams work together and win. With Slack Sales Elevate, built on Slack's platform and powered by Salesforce data, companies can now streamline their sales processes, drive revenue, and meet customer expectations more effectively.

Slack, meanwhile, has reported impressive Q3 FY21 results, with revenues reaching $234.5 million, a 39% year-over-year increase. Meanwhile, Salesforce announced its own financial results for the third quarter of its fiscal 2021, reporting revenues of $5.42 billion, up 20% year-over-year.

However, some industry experts are skeptical about the deal's impact on Slack users and Salesforce customers alike. According to Salesforce MVP Jodie Miners, the acquisition won't change anything for Slack users, who will still be able to use their favorite collaboration platform as usual. Similarly, there's no compelling reason to switch from Chatter, Salesforce's current collaboration tool.

Despite this, the deal is a significant step forward in creating a digital headquarters (HQ) for success from anywhere. With the integration of Slack and Salesforce, companies can now have seamless communication and collaboration across teams, departments, and locations.

For those who want to start using Slack Sales Elevate, here's how: once you're logged into Slack and connected with your Salesforce account, click on the 'Open Slack' button to return to the platform. From there, navigate to the Home tab and click on 'Connect Account.' If you don't see this option, try clicking on 'More' to find it.

The deal is expected to close in Q2 of 2022, pending regulatory approval. With a $10 billion facility secured to fund the cash portion of the deal, Salesforce will use its existing funds and new debt to complete the transaction.

As the dust settles on this massive acquisition, one thing is clear: the future of work has just gotten more connected and collaborative than ever before. Stay tuned for further updates as we explore what this means for sales teams and businesses worldwide.

Salesforce buys slack price