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Salesforce Reported to Be in Talks to Acquire Slack

Dan Romanoff, CPA Equity Analyst

Analyst Note

| Dan Romanoff, CPA |

Multiple business media outlets are reporting that wide-moat is in talks to acquire no-moat Slack Technologies. Strategically, this would be a sound acquisition for Salesforce, as it would add serious direct exposure to collaboration and the remote work movement, large and rapidly growing markets that the company indirectly participates in, and would allow for yet another connection between Salesforce and its customers. On the flip side, the deal would undoubtedly be dilutive, would bring Salesforce more in direct competition with Microsoft (Teams), and would reignite investor concerns surrounding Salesforce’s organic growth profile over the next several years. Since we launched coverage of Slack in 2019, we have maintained that over the long term the company must expand its platform or agree to be acquired. We stress that no deal has been formally announced, so obviously there are no deal metrics to consider.

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Company Profile

Business Description provides enterprise cloud computing solutions, including Sales Cloud, the company’s main customer relationship management software-as-a-service product. also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.

415 Mission Street, 3rd Floor, Salesforce Tower
San Francisco, CA, 94105
T +1 415 901-7000
Sector Technology
Industry Software - Application
Most Recent Earnings Jul 31, 2020
Fiscal Year End Jan 31, 2021
Stock Type Speculative Growth
Employees 49,000