M&A Deal Summary

Salesforce Acquires Slack

On December 1, 2020, Salesforce acquired internet software and services company Slack for 27.7B USD

Acquisition Highlights
  • This is Salesforce’s 32nd transaction in the Internet Software and Services sector.
  • This is Salesforce’s largest (disclosed) transaction.
  • This is Salesforce’s 50th transaction in the United States.
  • This is Salesforce’s 30th transaction in California.

M&A Deal Summary
Date 2020-12-01
Target Slack
Sector Internet Software and Services
Buyer(s) Salesforce
Deal Type Add-on Acquisition
Deal Value 27.7B USD
Advisor(s) Qatalyst Partners LP
Goldman Sachs (Financial)
Latham & Watkins
Goodwin Procter (Legal)

Target

Slack

San Francisco, California, United States
website
Slack Technologies, Inc. is a collaboration hub for teamwork, where the right people are always kept in the loop and key information is always at their fingertips. Work in Slack happens in channels, so all the right people can be included, all relevant information kept in one place, and new team members are able to get up to speed easily.

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Buyer(S) 1

Buyer

Salesforce

San Francisco, California, United States

website

Category Company
Founded 1999
Sector Internet Software and Services
Employees56,606
Revenue 26.5B USD (2022)
DESCRIPTION
Salesforce office in downtown Chicago, Illinois.
Salesforce office in downtown Chicago, Illinois.

Salesforce is a provider of enterprise cloud computing solutions. The Company's four core services include Sales Cloud, Service Cloud, Marketing Cloud and the Salesforce Platform. Salesforce delivers solutions as a service via all the major Internet browsers and on most major mobile device operating systems. Salesforce was founded in 1999 and is based in San Francisco, California.

DEAL STATS #
Overall 60 of 61
Sector (Internet Software and Services) 32 of 32
Type (Add-on Acquisition) 59 of 60
State (California) 30 of 30
Country (United States) 50 of 50
Year (2020) 5 of 5
Size (of disclosed) 1 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Acumen Solutions

McLean, Virginia, United States

Acumen Solutions is a professional services firm with deep Salesforce knowledge and extensive industry expertise across public sector, manufacturing, financial services and more.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 Traction on Demand

Burnaby, British Columbia, Canada

Traction on Demand is a dedicated Salesforce consulting and application development firm delivering cross-platform solutions and standalone SaaS products. Traction on Demand was founded in 2007 and is based in Burnaby, British Columbia.

Buy -
Mergr

Product

Company

Legal