Salesforce will purchase Slack Technologies(a work-chatting service) in a $27.7 billion to deal the biggest ever in the cloud computing space
Salesforce
Salesforce will purchase Slack Technologies(a work-chatting service) in a $27.7 billion to deal the biggest ever in the cloud computing space, The Wall Street Journal reported.

Founded on an ex-Oracle staffer Mark Benioff, Salesforce pioneered the model of delivering software through the cloud via a subscription model by challenging the traditional strategy of on-premise implementation which frequently concerned costly upfront setup and lengthy implementation cycle.

With market capitalization now at $230 billion
, Salesforce.com has been among the large winners from disruption because of the coronavirus pandemic. Salesforce‘s robust growth has been spurred by rising demand for its online business software program that helps remote work and business.

In distinction, Slack has been struggling to completely capitalize on the swap to remote working in the course of the pandemic because it faces fierce competitors from Microsoft Corp's Teams and other office apps.

Salesforce’s acquisition suits well as a part of its grand technique to take on Microsoft. It's set to include Slack as a unified front-end to access its business enterprise suite. Microsoft Corp. has positioned its Group as a gateway to its other business application offerings.

Salesforce has launched an aggressive acquisition strategy in recent times to boost its capability to battle Microsoft. It accomplished a $15 billion-plus takeover of data-analytics platform Tableau Software program in 2019. It additionally acquired cloud-software provider Vlocity Inc. Salesforce was additionally in negotiations to purchase micro-blogging platform Twitter, however, abandoned the plan after resistance from its shareholders.
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