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Salesforce.com buying Slack for $27.7 billion and more business news

Kelly Fitzgerald, Society of Work founder, shows how messaging works on Slack, a communication application, at the Edney Building in downtown Chattanooga. The Edney relies on Slack to communicate with the many different members in its co-working space.
Kelly Fitzgerald, Society of Work founder, shows how messaging works on Slack, a communication application, at the Edney Building in downtown Chattanooga. The Edney relies on Slack to communicate with the many different members in its co-working space. Kelly Fitzgerald, Society of Work founder, shows how messaging works on Slack, a communication application, at the Edney Building in downtown Chattanooga. The Edney relies on Slack to communicate with the many different members in its co-working space.

By Wire reports 4 min read

Salesforce buying Slack for $27.7 billion

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 competing against longtime industry powerhouse Microsoft.

The acquisition announced Tuesday is by far the largest in the 21-year history of Salesforce. The San Francisco company was one of the first to begin selling software as a subscription service that could be used on any internet-connected device instead of the more cumbersome process of installing the programs on individual computers.

Salesforce’s flamboyant founder and CEO Marc Benioff hailed the “cloud computing” concept as the wave of the future to much derision initially.

But software as a service has become an industry standard that has turned into a gold mine for longtime software makers. Microsoft for one has developed its own thriving online suite of services, known as Office 365, which includes a Teams chatting service that includes many of the same features as Slack’s 6-year-old application.