Friday August 12, 2022
Edit
Ringomo Ringomo
  • most recent news
  • trending news
  • most read
  • All Video
  • Image gallery
  • more
Salesforce acquire slack
Business

Salesforce Acquire Slack: The

December 10, 2020
girl using phone while walking on footpath during pandemic
Technology

How Technology is Helping

December 10, 2020
AI Initiatives
Technology

5 Global AI Initiatives

December 15, 2020
Technology

Mom overturns wrongful in

March 17, 2021
Entertainment

Being elderly have per

March 17, 2021
Technology

Galaxy’s Edge the best

March 28, 2021
  • Accessibility
  • Help
  • Contact
  • About qoxag
  • Technology
  • Health
  • Marketing
  • Write For Us
Ringomo Ringomo

Breaking News

Why Outsource a White Label Marketing Agency?

Thermal vs Solar Energy: Which is Better?

How to test a web application: 6 simple steps

How Technology is Helping Humans to Survive a Pandemic?

Guide: Starting a Successful Marketing Company

Can I Spy on an iPhone

What Is the Photovoltaic Effect? Understanding the Basics of Solar

Sci-Fi Short Down To Earth Feels Like an Australian Stranger

Samsung Galaxy Note 20 Ultra Review: Phone Specifications

Salesforce Acquire Slack: The Future of Both Companies

  1. Home
  2. Business
  3. Salesforce Acquire Slack: The Future of Both Companies
 Salesforce Acquire Slack: The Future of Both Companies
Business Technology

Salesforce Acquire Slack: The Future of Both Companies

by Kate Thrall December 10, 2020

News of the acquisition of one large organization by another has a strong influence on market volatility. The markets either swing in positive or negative directions, depending on what fundamental analysts and economics gurus focused on. The recent acquisition of Slack by Salesforce is no exception. 

This article provides an analysis with answers to the question “what does the future look like for both?” Thus if you are a stakeholder, e.g., product user, investor or potential investor, or simply a business/economic enthusiast, this post is for you.

What Future Looks Like For Salesforce?

salesforce acquire slack

It is worth noting that the acquisition of Slack is Salesforce’s largest ever since it was formed. One thing for sure Slack will give Salesforce some fighting ground against the giants Microsoft and Google. Additionally, the merging has the excellent potential of giving birth to powerful applications that would revolutionize work. This could see it having an increase in revenue. It is through this that Salesforce hopes to attain a $1 trillion market cap. 

Financial analysts point out that in terms of growth, the future is bright. The deal is predicted to help Salesforce attain at least a 20% growth rate in a few years. Though the deal gives competitiveness, analysts suggest that Salesforce needs to establish its full-stack cloud infrastructure. This would effectively make it stop relying on third-party clouds and make benefits materialize. 

More so, UBS analysts are concerned that the move (27billion acquisition)could stretch Salesforce. The company did spend some billion dollars in acquiring some tech units in 2019. Talking about the markets, Salesforce’s move rumors resulted in plummeting their stock by about 16.5%. In terms of market value, that is a loss of over 18 billion dollars.

A sign of lack of confidence by investors. Another point of concern is that Salesforce intends to combine Slack with its existing software to see several changes for Salesforce users. It is inevitable to have a few longtime users start having doubts about its platforms in such instances. However, the chances are that the company has all this figured out.

What Future Looks Like For Slack?

salesforce acquires slack
Image Source: unsplash.com

Slack has been experiencing a slothful growth while its competitor, Zoom, has had its shares more than quadrupled. The Salesforce deal could shortly provide Slack with much needed accelerated growth. This can best be achieved by Salesforce attracting its users into adopting Slack and their collaboration suite. Most Slack users are concerned with the plans Salesforce has for the platform. I would be too considering changes that may arise on the platform, some of which might prove unpopular.

The good news is that Bret Taylor, president, and CEO, made it clear that they do not intend to alter its function. Their intention of integrating their system tools with Slack is likely to bring more users on board. Then again, only time will tell. It is essential for the Slack team operating independently within Salesforce to come up with more ideas on improving their platform. Doing so would lure more users, which include those from Salesforce. It is through innovation that their enterprise can grow and realize appreciation in value.

In Short

Plummeting in Salesforce stocks can be a tall telling sign of a bleak future ahead if it fails to pull out great ingenuity. However, it takes money to make money. In business, the concept of long-term investment applies. In this sense, it is hoped that the investment would mature with enormous returns to be reaped. 

Lastly, for the deal value’s upscaling to materialize into trillions, they must focus on their cloud technology. It is this tech that sets apart Microsoft, Google, and Oracle in data distribution and storage. 

Share This:

Next post
Kate

Kate Thrall (Website)

administrator

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Most Recent
Blockchain

Polkadot or SafeMoon: what shot in 2022?

August 7, 2022
Blockchain

The Future of Free to Play Gaming

July 29, 2022
Business

7 Ways Big Data is Beneficial for

July 25, 2022
Technology

A Guide to Select the Best Network

July 14, 2022
RELATED Stories for you
Polkadot or SafeMoon
Blockchain

Polkadot or SafeMoon: what shot in 2022?

by Kate Thrall August 7, 2022

Shiba Inu, Dogecoin, and Dogelon Mars all reached astounding prices in 2021, making it

NFTs
Blockchain Technology

The Future of Free to Play Gaming

by Kate Thrall July 29, 2022

Free to play gaming platforms are becoming more popular with the introduction of blockchain

big data
Business Marketing

7 Ways Big Data is Beneficial for

by Kate Thrall July 25, 2022

The marketing industry is constantly searching for avenues to utilize the massive volumes of

Copyright © 2022 Ringomo. All Right Reserved.