Download this Press Release PDF Format (opens in new window) The world's #1 CRM, available on major public clouds. After 21 years and as it enters this new decade, Adam Blitzer, EVP and GM of the Marketing Cloud, shares his … Salesforce was rated highest among all vendors in the strategy category. The stock is down about 20 points since the deal was publicized. By Erin Griffith and Lauren Hirsch Dec. 1, 2020, 4:10 p.m. Introducing Salesforce Hyperforce. We're pleased to share that Forrester Research has ranked Salesforce a Leader in "The Forrester WaveTM: Experience Optimization Platforms, Q4 2020" report. That’s why in 2015, Salesforce made a commitment to equal pay for equal work. The opportunity we see together is massive,” said Stewart Butterfield, Slack CEO and Co-Founder. Support the news Salesforce Likely ... December 01, 2020. Salesforce today peeled back the curtains on ReceptorNet, a machine learning system researchers at the company developed in partnership with clinicians at … Salesforce is the #1 CRM that enables companies to sell, service, market and conduct commerce, from anywhere. Salesforce on Tuesday said it would acquire Slack for $27.7 billion in cash and stock. Dreamforce to You 2020 will be a major step toward that future, if it succeeds. News provided by. When comparing the two extremes of the scale, the happiest people outweighed the most unhappy. Salesforce places at No. Salesforce agreed to pay $27.7 billion for … Salesforce sees tech conferences of the future as truly hybrid in-person/digital events. While we’re proud of the progress we’ve made on equal pay, we recognize equal pay alone is not enough. 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. Share this article. … The ARK funds from Cathie Wood are among the best performing and most followed ETFs in 2020. You can read more about Molly’s story, the importance of recognizing Equal Pay Day, and how you can become an equal pay advocate here. SAN FRANCISCO, Nov. 24, 2020 /PRNewswire/ -- Salesforce (NYSE: CRM), … Since then, the company has evaluated pay on an ongoing basis to address any gaps among gender and race. The Future of Work: New Salesforce Research Reveals How Organizations Should Work in a Pandemic World, 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 2020 Salesforce.com, inc. For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE. 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 held. 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. 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 Salesforce’s and Slack’s respective periodic reports and other filings with the SEC, including the risk factors identified in Salesforce’s and Slack’s most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Upon the close of the transaction, Slack will become an operating unit of Salesforce and will continue to be led by CEO Stewart Butterfield. All rights reserved. View all news. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. Salesforce Signs Agreement to Acquire Vancouver-founded Slack for US $27 Billion. Salesforce beat analysts' estimates in the quarter, but quarterly earnings guidance was soft and the financial news was overshadowed by the company's statement about acquiring Slack. Introducing Salesforce Hyperforce. 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. Slack brings people, data and tools together so teams can collaborate and get work done, from anywhere. Molly Ford and the Office of Equality have done incredible work championing some of our equality efforts to ensure we’re creating a workplace where everyone feels seen, valued and heard. By Erin Griffith and Lauren Hirsch Dec. 1, 2020, 4:10 p.m. 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. The forward-looking statements included in this communication are made only as of the date hereof. 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. Neither Salesforce nor Slack undertakes any obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. Jim Cramer discusses the latest stock market news including the Salesforce-Slack acquisition, the U.K.'s approval of the Pfizer vaccine and McDonald's stock. Salesforce Nov 24, 2020, 07:30 ET. 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. Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. Various trademarks held by their respective owners. The good news is that the majority of Salesforce professionals sit on the happier side, with almost two-thirds (63%) telling us they are ‘generally happy’. Salesforce has obtained a commitment from Citigroup Global Markets Inc., Bank of America, N.A. Among "the 10 providers that matter most," Salesforce has the top-ranking strategy category score. This will combine Slack with Salesforce … Salesforce COO Bret Taylor announced “Hyperforce” during Marc Benioff’s opening keynote at the virtual version of the supplier’s 2020 Dreamforce event in San Francisco. We will remain committed to leveling the playing field throughout the entire employee experience — from onboarding to ongoing employee success. In a recent press release, Salesforce announced Hyperforce, a new capability allowing customers to deploy Salesforce on major public cloud platforms Azure, AWS, Google, and Alibaba. 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 company’s 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. ... 2020, and Salesforce’s 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… and JPMorgan Chase Bank, N.A. 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 U.S. and/or other countries. Slack is where work happens. Connecting people and data across systems, apps and devices is one of the biggest challenges companies face in today’s all-digital world. Salesforce has acquired Slack for approximately $27.7 billion. The definitive proxy statement/prospectus (if and when available) will be mailed to stockholders of Salesforce and Slack. Today, Salesforce has become an iconic force in creating SaaS and CRM. SAN FRANCISCO, Dec. 2, 2020 /PRNewswire/ -- Salesforce… You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. Other names and brands may be claimed as the property of others. Know more about this breakthrough along with other interesting news in this week’s top news brought to you by Analytics India Magazine. 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. San Francisco, CA (and Vancouver, BC), December 2, 2020--Salesforce (NYSE: CRM), a global leader in CRM, and Slack Technologies (NYSE: WORK), developers of an innovative enterprise communications platform, have entered into a definitive agreement under which Salesforce will acquire Slack. Salesforce has announced a $27.7bn stock and cash acquisition of Slack ahead of the virtual iteration of its Dreamforce 2020 event. Copies of the documents filed with the SEC by Slack will be available free of charge on Slack’s website at investor.slackhq.com or by contacting Slack’s Investor Relations department at ir@slack.com. 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. Slack will be deeply integrated into every Salesforce Cloud. View all news. 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. “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. 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