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Slack is a cloud-based team communication platform developed by Slack Technologies, which has been owned by Salesforce since 2020. Slack uses a freemium model.Slack is primarily offered as a business-to-business service, with its userbase being predominantly team-based businesses while its functionalities are focused primarily on business administration and communication.
In the lead-up to its DPO, Slack reported that it had generated $400.6 million in revenue for the fiscal year ending January 31, 2019, up from $220.5 million in the previous year [42] and up from $105.2 million in 2017. [43] Slack also reported losses of $138.9 million for the fiscal year ending in January 2019.
In December 2020, it was announced that Salesforce would acquire Slack for $27.7 billion, its largest acquisition to date. [28] The acquisition closed in July 2021. [29] Journalists covering the acquisition emphasized the price Salesforce paid for Slack, which was a 54% premium compared to Slack's market value. [30] [better source needed]
A hacktivist group called NullBulge leaked data from almost 10,000 of Disney’s Slack channels in July.
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Disney and Salesforce's Slack did not immediately respond to Reuters requests for comment. Hacking group NullBulge had published data from thousands of Slack channels at the entertainment giant ...
Lu Qi, EVP of Applications and Services, was leading the push to purchase Slack. [14] After the departure of Lu later that year, Microsoft announced Teams to the public as a direct competitor to Slack at an event in New York on November 2, 2016, [10] [15] and was launched worldwide on March 14, 2017.
Cal Henderson, Slack’s chief technology officer and sole remaining cofounder, is stepping down from the role effective immediately, but will remain at the company until March 1, ...