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. Slack serves leading organisations in every industry around the world, from the fastest growing startups to Fortune 500 companies, such as Starbucks, Target and TD Ameritrade, along with leading academic institutions, non-profits and governments in more than 150 countries. Slack and the Slack logo are trademarks of Slack Technologies, Inc. or its subsidiaries in the U.S. and/or other countries. For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. While the list of factors presented here is, and the list of factors to be presented in the registration statement on form S-4 are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Salesforce will create a modern workspace that enables collaboration, communities, communications, CRM functionality, customer experience, and AI in an ecosystem that will welcome other integrations to extend enterprise functionality, said Wayne Kurtzman, IDC Research Director for Social, Communities, and Collaboration. . pr@Slack.com, Jesse Hulsing Together, Salesforce and Slack will create the most extensive open ecosystem of apps and workflows for business and empower millions of developers to build the next generation of apps, with clicks not code. 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, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce's common stock on 30th November 2020. Salesforce, the CRM powerhouse, announced at the commencement of 2020's last month, that it would acquire the workplace software company, Slack, for $27.7 Billion, using a combination of cash and stock. Slacks open platform seamlessly integrates with more than 2,400 apps that people use to collaborate, communicate and get work done. Salesforce is the no. Since September 2021, Salesforce had also come up with Digital HQ, an initiative riding on its Slack acquisition. Latham & Watkins LLP and Goodwin Procter LLP are serving as legal counsel to Slack. 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. You can tune into the event here. The combination will create the operating system for the new way to work, uniquely enabling companies to grow and succeed in the all-digital world. Connecting people and data across systems, apps and devices is one of the biggest challenges companies face in todays all-digital world. Investor Relations Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. With its intuitive user experience and high adoption, Slack brings hefty benefits to the table. The definitive proxy statement/prospectus (if and when available) will be mailed to stockholders of Salesforce and Slack. Salesforce has obtained a commitment from Citigroup Global Markets Inc., Bank of America, N.A. Digital HQ promised that the organisation would work digitally exactly as it had before in the physical world. Slack has transformed business communication. Further information on these and other risks and uncertainties relating to Salesforce can be found in its reports filed on Forms 10-K, 10-Q and 8-K and in other filings Salesforce makes with the Securities and Exchange Commission from time to time and available at www.sec.gov. The combination of Salesforce and Slack also brings together two of the software industrys most dynamic communities, creating an open and extensive ecosystem that will deliver the next generation of digital-first apps and workflows for business. Only Slack offers a secure, enterprise-grade environment that can scale with the largest companies in the world. Forward-looking statements relate to, among other things, future events and anticipated results of operations, business strategies, the anticipated benefits of the transaction, the anticipated impact of the transaction on the combined companys business and financial and operating results, the expected amount and timing of synergies from the transaction, and other aspects of Salesforces operations or operating results. 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. Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined companys business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated closing date for the proposed transaction and other aspects of our operations or operating results. Salesforce has obtained a commitment from Citigroup Global Markets Inc., Bank of America, N.A. The opportunity we see together is massive, said Stewart Butterfield, Slack CEO and Co-Founder. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol CRM. Slack brings people, data and tools together so teams can collaborate and get work done, from anywhere. With the largest enterprise app ecosystem, the Salesforce platform is the easiest way to build and deliver apps to connect with customers in a whole new way. Qatalyst Partners LP and Goldman Sachs & Co LLC are serving as financial advisors to Slack. 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, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce's common stock on 30th November 2020. Only Slack offers a secure, enterprise-grade environment that can scale with the largest companies in the world. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." HERNDON, Va., January 03, 2023 -- ( BUSINESS WIRE )-- Beacon (Nasdaq: BECN) (the "Company") announced today that it has completed the acquisition of Whitney Building Products, LLC ("Whitney"), a . Responsible for delivering all assigned web and mobile line of business applications . Information about the directors and executive officers of Slack, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Slacks proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on May 5, 2020, and Slacks Annual Report on Form 10-K for the fiscal year ended January 31, 2020, which was filed with the SEC on March 12, 2020. Copies of the documents filed with the SEC by Slack will be available free of charge on Slacks website at investor.slackhq.com or by contacting Slacks Investor Relations department at ir@slack.com. Salesforce and Slack coming together will help us become more connected, more productive, and more innovative so we can better serve our clients.. Slack will be deeply integrated into every Salesforce Cloud. 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. "We've been a leader in the space, working with some of the fastest-growing companies in the world, including Salesforce and Slack," Troops CEO and cofounder Dan Reich wrote in a blog post. Salesforce has obtained a commitment from Citigroup Global Markets Inc., Bank of America, NA and JPMorgan Chase Bank, NA for a $10.0 billion senior unsecured 364-day bridge loan facility, subject to customary conditions. The page you are looking for doesnt exist. Its the leading channel-based messaging platform, used by millions to align their teams, unify their systems and drive their businesses forwards. This is a match made in heaven. Salesforce finalised the acquisition of cloud-based collaboration software provider Slack in July 2021 for $27.7bn, though the acquisition was in play in late 2020. and this is the first major . Together, Salesforce and Slack will give companies a single source of truth for their business and a unified platform for connecting employees, customers and partners with each other and the apps that they use every day, all within their existing workflows. As part of the worlds #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. These forward-looking statements generally can be identified by phrases such as will, expects, anticipates, foresees, forecasts, estimates or other words or phrases of similar import. Together, Slack and Salesforce Customer 360 will give every company in the world a single source of truth for their business and a single platform for connecting employees, customers, and partners with each other and the apps they use every day., We have a once-in-a-generation opportunity to rethink and reshape how and where we work, said Stewart Butterfield, Slack CEO and Co-Founder. Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360 view of their customers. "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. Public Relations Slack to Become the New Interface for Salesforce Customer 360. Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. 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. This is a match made in heaven. Slack is where work happens. Yahoo Finance's Myles Udland, Brian Sozzi, and Julie Hyman discuss what companies are moving the market today. Each of Salesforce and Slack may also file other relevant documents with the SEC regarding the proposed transaction. Nayamode. In connection with the proposed transaction, Salesforce intends to file with the SEC a registration statement on Form S-4 that will include a proxy statement of Slack and that also constitutes a prospectus of Salesforce. While the list of factors presented here is, and the list of factors to be presented in the registration statement on Form S-4 are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. 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. for a $10.0 billion senior unsecured 364-day bridge loan facility, subject to customary conditions. Slacks open platform seamlessly integrates with more than 2,400 apps that people use to collaborate, communicate and get work done. Upon the close of the transaction, Slack will become an operating unit of Salesforce and will continue to be led by CEO Stewart Butterfield. Salesforce, the CRM powerhouse that recently surpassed $20 billion in annual revenue, announced today it is wading deeper into enterprise social by acquiring Slack in a $27.7 billion megadeal.. Qatalyst Partners LP and Goldman Sachs & Co LLC are serving as financial advisors to Slack. The forward-looking statements included in this communication are made only as of the date hereof. With the largest enterprise app ecosystem, the Salesforce platform is the easiest way to build and deliver apps to connect with customers in a whole new way. Each of Salesforce and Slack may also file other relevant documents with the SEC regarding the proposed transaction. Why did Salesforce buy Slack? 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 Salesforces and Slacks respective periodic reports and other filings with the SEC, including the risk factors identified in Salesforces and Slacks most recent quarterly reports on form 10-Q and annual reports on form 10-K. Investors and security holders will be able to obtain free copies of the registration statement and proxy statement/prospectus (if and when available) and other documents containing important information about Salesforce, Slack and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC athttp://www.sec.gov. 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 Salesforces and Slacks respective periodic reports and other filings with the SEC, including the risk factors identified in Salesforces and Slacks most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Information about the directors and executive officers of Salesforce, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Salesforces proxy statement for its 2020 annual meeting of stockholders, which was filed with the SEC on 1st May 2020, and Salesforces annual report on form 10-K for the fiscal year ended 31st January 2020, which was filed with the SEC on 5th March 2020, as well as in a form 8-K filed by Salesforce with the SEC on 1st June 2020. Information about the directors and executive officers of Slack, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Slacks proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on May 5, 2020, and Slacks Annual Report on Form 10-K for the fiscal year ended January 31, 2020, which was filed with the SEC on March 12, 2020. Im thrilled to welcome Slack to the Salesforce Ohana once the transaction closes., Salesforce started the cloud revolution, and two decades later, we are still tapping into all the possibilities it offers to transform the way we work. Upon the close of the transaction, Slack will become an operating unit of Salesforce and will continue to be led by CEO Stewart Butterfield. Pros The reasons Slack is a critical acquisition for Salesforce. Upon the close of the transaction, Slack will become an operating unit of Salesforce and will continue to be led by CEO Stewart Butterfield. Personally, I believe this is the most strategic combination in the history of software, and I cant wait to get going.. 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. The forward-looking statements included in this communication are made only as of the date hereof. 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, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforces common stock on November 30, 2020. The Slack shares subject to the agreement represent approximately 55% of the current outstanding voting power of the Slack common stock. Slack and the Slack logo are trademarks of Slack Technologies, Inc. or its subsidiaries in the U.S. and/or other countries. Combination to Form the Largest Open Ecosystem of Apps and Workflows for Business. 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 Salesforces and Slacks respective periodic reports and other filings with the SEC, including the risk factors identified in Salesforces and Slacks most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360 view of their customers. All rights reserved. Its the leading channel-based messaging platform, used by millions to align their teams, unify their systems, and drive their businesses forward. 415-819-2987 Additional Information about the Merger and Where to Find It. With the largest enterprise app ecosystem, the Salesforce platform is the easiest way to build and deliver apps to connect with customers in a whole new way. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Salesforce announced that Troops and its staff will join Slack, which it acquired in 2020, when the acquisition is completed in 2023. 1 CRM platform with the most innovative enterprise communications platform creates the operating system for the new way to work. 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. Latham & Watkins LLP and Goodwin Procter LLP are serving as legal counsel to Slack. Salesforce has finalized its acquisition of Slack, the business communication platform powering organizations globally. The transaction is anticipated to close in the second quarter of Salesforces fiscal year 2022, subject to approval by the Slack stockholders, the receipt of required regulatory approvals and other customary closing conditions. In fact, after the announcement of this acquisition, Salesforce stock fell by 11 percent due to lowered expected returns in the coming quarters. Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360 view of their customers. and JPMorgan Chase Bank, N.A. Combination of no. Investors and security holders will be able to obtain free copies of the registration statement and proxy statement/prospectus (if and when available) and other documents containing important information about Salesforce, Slack and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Qatalyst Partners LP and Goldman Sachs & Co LLC are serving as financial advisors to Slack. Salesforce's announcement is barely . 1 min read. Earlier to this largest deal ever, the vendor of . Find useful article on the blog or contact us here: As an Amazon Associate MSpoweruser.com earns commission from qualifying purchases. evan.goldstein@salesforce.com, Gina Sheibley Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. 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. With the worlds #1 CRM, companies can sell, service, market, conduct commerce, and more from anywhere. Information about the directors and executive officers of Salesforce, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Salesforces proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on May 1, 2020, and Salesforces 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. Thats exactly what the combination of Salesforce and Slack is all aboutcreating the business operating system for the new world of work. Slack Salesforce's announcement of its acquisition of Slack this past month, its largest acquisition in its 21 year history, has become a hot-topic for the remote-work industry. In buying Slack, Salesforce now controls all three layers of the modern tech stack (i.e. 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. Greater Seattle Area. Salesforce is the #1 CRM that enables companies to sell, service, market and conduct commerce, from anywhere. Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined companys business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated closing date for the proposed transaction and other aspects of our operations or operating results. About Slack Slack has transformed business communication. Various trademarks held by their respective owners. 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. 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. 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. This is a match made in heaven. Other names and brands may be claimed as the property of others. Various trademarks held by their respective owners. Salesforce (NYSE: CRM), the global leader in CRM, and Slack Technologies, Inc. (NYSE: WORK), the most innovative enterprise communications platform, have entered into a definitive agreement under which Salesforce will acquire Slack. Try typing a new keyword. The Slack shares subject to the agreement represent approximately 55% of the current outstanding voting power of the Slack common stock. Companies around the world have learned one thing over the past yearif you dont have a digital way to connect with your employees, customers, and partners, you dont have much of a chance of surviving. Slack is where work happens. Salesforce undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. 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, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce's common stock on November 30, 2020. Personally, I believe this is the most strategic combination in the history of software, and I cant wait to get going.. Slack has transformed the way we work with its trailblazing digital platform for business communication, which is used by millions of people around the world and enables entire organizations to work far more efficiently and effortlessly. Like Slack, Salesforce was designed for users to build apps to connect with their customers. 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 that they need to do their best work. Behind the Scenes of Slack's Acquisition Announcement My internship on the Customer Acquisition team at Slack Catherine Yu Frontend Software Engineering Intern, Slack 9 minutes Written 1 year ago On July 21st, 2021, Slack officially became a part of Salesforce at the price tag of $27.7 billion. Salesforce (NYSE: CRM), the global leader in CRM, and Slack Technologies, Inc. (NYSE: WORK), the most innovative enterprise communications platform, have entered into a definitive agreement under which Salesforce will acquire Slack. This means some of the information below is dated, but we wanted to keep it around for historical context and other good reasons. Each of Salesforce and Slack may also file other relevant documents with the SEC regarding the proposed transaction. The latest deal is nearly twice as large as the US$15.7 billion acquisition of Tableau which Salesforce carried out last year, and is a shift from its core CRM business model. 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. As part of the worlds #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. 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. Now its easier than ever to connect customers, employees, and partners with the conversations, apps, and data that power digital workflows for an all-new way to work. Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Neither Salesforce nor Slack undertakes any obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. Latham & Watkins LLP and Goodwin Procter LLP are serving as legal counsel to Slack. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world. In 2020, analysts surveyed by Refinitiv projected that Slack would generate $876.3 million in revenue in fiscal year 2020 in the face of continued competition from rivals such as Microsoft Teams. Other names and brands may be claimed as the property of others. These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the effect of the announcement of the merger on the ability of Salesforce or Slack to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Salesforce or Slack do business, or on Salesforces or Slacks operating results and business generally; risks that the merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the outcome of any legal proceedings related to the merger; the ability of the parties to consummate the proposed transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of Salesforce to successfully integrate Slacks operations; the ability of Salesforce to implement its plans, forecasts and other expectations with respect to Salesforces business after the completion of the transaction and realize expected synergies; and business disruption following the merger. These documents are also available under the Financials heading of the Investor Relations section of Salesforces website at www.salesforce.com/investor. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Together, Salesforce and Slack will create the most extensive open ecosystem of apps and workflows for business and empower millions of developers to build the next generation of apps, with clicks and not code. This communication relates to a proposed business combination transaction between Salesforce.com, Inc. (Salesforce) and Slack Technologies, Inc. (Slack). Together, Salesforce and Slack will deliver the Slack-first Customer 360 that gives companies a single source of truth for their business, and a single platform for connecting employees, customers, and partners with each other and the apps they use every day, all within their existing workflows. 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. Salesforce and Slack are already making a huge difference. The opportunity we see together is massive, said Stewart Butterfield, Slack CEO and Co-Founder. Slack is where work happens. Salesforce has made the first product announcements that incorporate capabilities from its $27 billion Slack acquisition. This communication relates to a proposed business combination transaction between Salesforce.com, Inc. (Salesforce) and Slack Technologies, Inc. (Slack). Im thrilled to welcome Slack to the Salesforce Ohana once the transaction closes., Salesforce started the cloud revolution, and two decades later, we are still tapping into all the possibilities it offers to transform the way we work. 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. The boss of this business software giant named this deal a " match made in heaven ". IBMs 380,000 employees are working together in Slack, with numerous workflows across Salesforce Sales Cloud and Service Cloud powering customer success across locations and time zones. Together well define the future of enterprise software, creating the digital HQ that enables every organization to deliver customer and employee success from anywhere., Weve learned over the past year that the workplace isnt snapping back to the way it was, said Bret Taylor, President and Chief Operating Officer of Salesforce. Salesforce says combining Slack with Salesforce . The definitive proxy statement/prospectus (if and when available) will be mailed to stockholders of Salesforce and Slack. These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including, but not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the effect of the announcement of the merger on the ability of Salesforce or Slack to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Salesforce or Slack do business, or on Salesforces or Slacks operating results and business generally; risks that the merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the outcome of any legal proceedings related to the merger; the ability of the parties to consummate the proposed transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of Salesforce to successfully integrate Slacks operations; the ability of Salesforce to implement its plans, forecasts and other expectations with respect to Salesforces business after the completion of the transaction and realise expected synergies; and business disruption following the merger. Slacks open platform seamlessly integrates with more than 2,400 apps that people use to collaborate, communicate and get work done. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." Salesforce to announce Slack acquisition later today: RPT. This communication contains forward-looking information related to Salesforce, Slack and the acquisition of Slack by Salesforce that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Selecting a different region will change the language and content of slack.com. For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE. You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. 917-297-8988 Slack has transformed business communication. Im thrilled to welcome Slack to the Salesforce Ohana once the transaction closes., Salesforce started the cloud revolution, and two decades later, we are still tapping into all the possibilities it offers to transform the way we work. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. Salesforce has obtained a commitment from Citigroup Global Markets Inc., Bank of America, N.A. Salesforce, inc. Salesforce Tower, 415 Mission Street, 3rd Floor, San Francisco, CA 94105, United States. For this to work, Salesforce will need to find ways to increase revenue from slack drastically . This communication relates to a proposed business combination transaction between Salesforce.com, Inc. (Salesforce) and Slack Technologies, Inc. (Slack). Shares of Slack were up 4 percent in midday trading Monday (Nov. 30), whiles shares of . In connection with the proposed transaction, Salesforce intends to file with the SEC a registration statement on Form S-4 that will include a proxy statement of Slack and that also constitutes a prospectus of Salesforce. In connection with the proposed transaction, Salesforce intends to file with the SEC a registration statement on form S-4 that will include a proxy statement of Slack and that also constitutes a prospectus of Salesforce. The definitive proxy statement/prospectus (if and when available) will be mailed to stockholders of Salesforce and Slack. 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. Connecting people and data across systems, apps and devices is one of the biggest challenges companies face in todays all-digital world. The opportunity we see together is massive, said Stewart Butterfield, Slack CEO and Co-Founder. Slack serves leading organizations in every industry around the world, from the fastest growing startups to Fortune 500 companies, such as Starbucks, Target and TD Ameritrade, along with leading academic institutions, non-profits, and governments in more than 150 countries. 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. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world. 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, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforces common stock on 30th November 2020. Copies of the documents filed with the SEC by Salesforce will be available free of charge on Salesforces website atwww.salesforce.com/investoror by contacting Salesforces Investor Relations department atinvestor@salesforce.com. 1 CRM that enables companies to sell, service, market and conduct commerce, from anywhere. Additional information about the merger and where to find it. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The deal comes as a big competitive move against Microsoft, whose Teams has been . As part of the worlds no. Salesforce has announced that they will purchase Slack, the highly popular business communication platform that revolutionized virtual workspaces, for $27.7B. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. On February 16, the Department of Justice sent both companies a request for further information on the deal, a move one analyst said was a peek at antitrust . Copies of the documents filed with the SEC by Slack will be available free of charge on Slacks website atinvestor.slackhq.comor by contacting Slacks Investor Relations department atir@slack.com. Salesforce, Slack and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. December 1, 2020, 7:56 AM. At the data layer, Mulesoft and Customer 360 enable enterprises to unify data within Salesforce and make it available to other layers of the stack. 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. I could not be more excited for whats to come., Salesforce and Slack coming together will help us become more connected, more productive, and more innovative so we can better serve our clients., We are obsessed with continually delighting our clients, and offering them the best experience and value across every interaction, said Arvind Krishna, Chairman and CEO of IBM. Investor Relations Slack will continue to be led by CEO and Co-Founder Stewart Butterfield. for a $10.0 billion senior unsecured 364-day bridge loan facility, subject to customary conditions. Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. and this acquisition is testament to that," said Steve . They need to deliver connected experiences for their customers across every touchpoint and enable their employees to work seamlessly wherever they are. Public Relations Slack deal would pit Salesforce against Microsoft, with Tableau acquisition as a potential blueprint by Todd Bishop on November 30, 2020 at 9:47 am November 30, 2020 at 5:32 pm Share 35 Tweet . Why is Slack such a great move for Salesforce? Salesforce Completes Acquisition of Slack Together, Salesforce and Slack are creating the digital HQ for success from anywhere SAN FRANCISCO, July 21, 2021Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. Upon the close of the transaction, Slack will become an operating unit of Salesforce and will continue to be led by CEO Stewart Butterfield. 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. SAN FRANCISCO, Dec. 1, 2020 Salesforce (NYSE: CRM), the global leader in CRM, and Slack Technologies, Inc. (NYSE: WORK), the most innovative enterprise communications platform, have entered into a definitive agreement under which Salesforce will acquire Slack. Salesforce Completes Acquisition of Slack, 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 2022 Salesforce, inc.All rights reserved. Copies of the documents filed with the SEC by Slack will be available free of charge on Slacks website at investor.slackhq.com or by contacting Slacks Investor Relations department at ir@slack.com. Whoops! 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. These forward-looking statements generally can be identified by phrases such as will, expects, anticipates, foresees, forecasts, estimates or other words or phrases of similar import. Upon closing, Troops will become part of Slack, a . Additional Information about the Merger and Where to Find It. 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 favour of the transaction at the special meeting of Slack stockholders to be held in connection with the transaction, subject to certain terms and conditions. Slack https://www.businesswire.com/news/home/20201201006156/en/, Evan Goldstein 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. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Slack and the Slack logo are trademarks of Slack Technologies, Inc. or its subsidiaries in the US and/or other countries. For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE. As part of Salesforce, Slack will be positioned to accelerate and extend its mission to make work life simpler, more pleasant, and more productive. 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, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforces common stock on November 30, 2020. Copyright2023 MSpoweruser, all rights reserved. You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. and JPMorgan Chase Bank, N.A. 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. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. and JPMorgan Chase Bank, N.A. Salesforce, inc. Salesforce Tower, 415 Mission Street, 3rd Floor, San Francisco, CA 94105, United States. Salesforce first announced that it would acquire Slack in December 2020 for $27.7 billion, a purchase widely seen as a play for a workplace collaboration market experiencing pandemic-accelerated . 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. Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360 view of their customers. Slack will continue to operate under the Slack brand, driving forward a continued focus on its mission, customers, and community. Its the leading channel-based messaging platform, used by millions to align their teams, unify their systems, and drive their businesses forward. Slack brings people, data and tools together so teams can collaborate and get work done, from anywhere. 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The transaction is anticipated to close in the second quarter of Salesforces fiscal year 2022, subject to approval by the Slack stockholders, the receipt of required regulatory approvals and other customary closing conditions. Various trademarks held by their respective owners. 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. The events of this year have greatly accelerated the move by companies and governments to an all-digital world, where work happens wherever people arewhether theyre in the office, at home or somewhere in between. Slack Connect extends the benefits of Slack to enable communication and collaboration between a companys employees and all its external partners, from vendors to customers. The forward-looking statements included in this communication are made only as of the date hereof. Copies of the documents filed with the SEC by Salesforce will be available free of charge on Salesforces website at www.salesforce.com/investor or by contacting Salesforces Investor Relations department at investor@salesforce.com. You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. 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. 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. Together, Salesforce and Slack are creating the digital HQ for success from anywhere. Together, Salesforce and Slack will give companies a single source of truth for their business and a unified platform for connecting employees, customers and partners with each other and the apps they use every day, all within their existing workflows. These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the effect of the announcement of the merger on the ability of Salesforce or Slack to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Salesforce or Slack do business, or on Salesforces or Slacks operating results and business generally; risks that the merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the outcome of any legal proceedings related to the merger; the ability of the parties to consummate the proposed transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of Salesforce to successfully integrate Slacks operations; the ability of Salesforce to implement its plans, forecasts and other expectations with respect to Salesforces business after the completion of the transaction and realize expected synergies; and business disruption following the merger. 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