“It really is about facilitating this all-digital, work-from-anywhere world, to enable team selling, to enable people in a contact center to swarm on a case digitally whether or not you’re in the same building, to enable marketers to plan a campaign,” Taylor said. Taylor, who sold his productivity software company, Quip, to Salesforce in 2016, said Slack will be deeply integrated with the app maker’s software suite to help its customers’ employees. “What’s very exciting is this vision that Stewart and Bret have put together,” he said in a conference call. for $6.5 billion.īenioff, who just three months ago said he didn’t foresee making any acquisitions given the economic environment, praised Chief Operating Officer Bret Taylor for organizing the deal with Butterfield, then pitching him on the idea. The year before, in 2018, Benioff took over MuleSoft Inc. in an all-stock deal valued at $15.3 billion last year, which was Salesforce’s biggest acquisition at the time. The company bought analytics firm Tableau Software Inc. He has set an annual revenue goal of $35 billion for Salesforce by fiscal 2024, compared with $17 billion in fiscal 2020. Bloomberg News and other publications reported that companies including Inc., Microsoft and Alphabet Inc.’s Google expressed interest in buying Slack at various times when it was still private.īenioff for years has turned to acquisitions to keep his product lineup fresh. Slack, launched in 2013, went public via a direct listing in 2019.

Slack, which is expected to increase its sales by almost 40% to $877 million this fiscal year, could help that effort. Salesforce, among the first of the fast-growing cloud software companies when it went public in 2004, strives to generate year-over-year revenue increases of more than 25%.

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