![]() Many of the deals have been financed with Salesforce’s stock, which is worth nearly seven times more than it was a decade ago to lift the company’s current market value to $220 billion. ![]() Salesforce has been building on its success in recent years to diversify into other fields, largely through a series of acquisitions that included its previous largest deal, a $15.7 billion purchase of data analytics specialist Tableau Software last year. It’s a central nervous system for so many companies.” ![]() “We see in Slack a once-in-a-generation company and platform. ![]() “It’s a match made in heaven,” Benioff said during an ebullient conference call. “It’s just clear Microsoft is moving further and further away from Salesforce when it comes to the cloud wars.”īenioff left no doubt he considered the deal to be a major coup, after losing out to Microsoft in 2016 when the two companies were both vying to buy the professional networking service LinkedIn. “For Benioff, this is all about Microsoft,” Wedbush Securities analyst Dan Ives said of Tuesday’s deal. Microsoft also has been posing a threat to Salesforce’s main products, a line-up of tools that help other companies manage their customer relationships. Slack in July filed a complaint in the European Union accusing Microsoft of illegally bundling Teams into Office 365 in a way that blocks its removal by customers who may prefer Slack. 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. ![]() But software as a service has become an industry standard that has turned into a gold mine for longtime software makers. ![]()
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