Returns as of 12/6/2020. I joined Salesforce in September 2019 — just over six months ago today — and I couldn’t be more grateful. While we’re proud of the progress we’ve made on equal pay, we recognize equal pay alone is not enough. These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties’ control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the effect of the announcement of the merger on the ability of Salesforce or Slack to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Salesforce or Slack do business, or on Salesforce’s or Slack’s operating results and business generally; risks that the merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the outcome of any legal proceedings related to the merger; the ability of the parties to consummate the proposed transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of Salesforce to successfully integrate Slack’s operations; the ability of Salesforce to implement its plans, forecasts and other expectations with respect to Salesforce’s business after the completion of the transaction and realize expected synergies; and business disruption following the merger. ET, up 42% year-to-date. While the list of factors presented here is, and the list of factors to be presented in the registration statement on Form S-4 are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Salesforce shares dipped as much as 10.7% on Wednesday after the company confirmed its $27.7 billion purchase of Slack and guided for its … Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE. Salesforce is the #1 CRM that enables companies to sell, service, market and conduct commerce, from anywhere. and JPMorgan Chase Bank, N.A. Salesforce Signs Definitive Agreement to Acquire Slack. With the COVID-19 situation affecting most of the world in some way, mass gatherings across the globe have been curbed. Argon ONE M.2 Raspberry Pi case awarded 10 out of 10 in MagPi review. These forward-looking statements generally can be identified by phrases such as “will,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Additional Information about the Merger and Where to Find It. Business Insider. Slack and the Slack logo are trademarks of Slack Technologies, Inc. or its subsidiaries in the U.S. and/or other countries. Slack’s open platform seamlessly integrates with more than 2,400 apps that people use to collaborate, communicate and get work done. Salesforce has been on an acquisition spree, taking advantage of its market cap growth in recent years to buy growing companies. “Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” said Marc Benioff, Chair and CEO, Salesforce. The company is truly a best place to work, and I can see why we have earned top spots on best workplaces lists by Fortune, Forbes, Glassdoor, and others. Introducing Salesforce Hyperforce. Upon the close of the transaction, Slack will become an operating unit of Salesforce and will continue to be led by CEO Stewart Butterfield. View all Motley Fool Services. Salesforce has announced a $27.7bn stock and cash acquisition of Slack ahead of the virtual iteration of its Dreamforce 2020 event. Our culture is unique because it’s intentional, prioritized, measured, and we are constantly innovating. “This is a match made in heaven. Salesforce has inked a definitive agreement to buy Slack Technologies for an enterprise value of roughly $27.7 billion based on the Monday (Nov. 30) closing price of Salesforce… Salesforce has also entered into a voting agreement with certain stockholders of Slack common stock, under which each such stockholder has agreed to vote all of their Slack shares in favor of the transaction at the special meeting of Slack stockholders to be held in connection with the transaction, subject to certain terms and conditions. QNAP Quad-Core 8-Bay TS-832PX NAS. Our work with equal pay will never be done. Salesforce has gone back to the drawing board and rebuilt Dreamforce for today’s all-digital, work-from-anywhere world. With the largest enterprise app ecosystem, the Salesforce platform is the easiest way to build and deliver apps to connect with customers in a whole new way. Combination of #1 CRM platform with the most innovative enterprise communications platform will create the operating system for the new way to work, enabling companies to grow and succeed in the all-digital world. The forward-looking statements included in this communication are made only as of the date hereof. 2020 Salesforce Equal Pay Update I joined Salesforce in September 2019 — just over six months ago today — and I couldn’t be more grateful. We will remain committed to leveling the playing field throughout the entire employee experience — from onboarding to ongoing employee success. I’m thrilled to welcome Slack to the Salesforce Ohana once the transaction closes.”, “Salesforce started the cloud revolution, and two decades later, we are still tapping into all the possibilities it offers to transform the way we work. Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. This will combine Slack with Salesforce Customer 360 and will be transformative for customers and the industry. Salesforce Tower, September 22, 2020 in New York City. Dec. 2, 2020 SAN FRANCISCO — Five years ago, Marc Benioff negotiated to sell Salesforce, the software company he co-founded in 1999 and … It’s one part of our equality journey. View all news. View all news. This document is not a substitute for the proxy statement/prospectus or registration statement or any other document that Salesforce or Slack may file with the SEC. The wait is over – Dreamforce will be going ahead in 2020! It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of Salesforce or Slack stock. ... 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. The assessment found seven percent of employees required equal pay adjustments. Download this Press Release PDF Format (opens in new window) The world's #1 CRM, available on major public clouds. 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. 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. ... Investors appeared to focus on another major piece of news: Salesforce agreed to … We’ll continue to iterate on our processes, tools, and practices as we continue to grow our workforce and evolve our business. 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. Slack traded at $38.08 as of 11:55 a.m. 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. Support the news Salesforce Likely ... December 01, 2020. Salesforce chairman Marc Benioff speaks during a news … December 2, 2020, 12:01 AM EST Updated on December 2, 2020, 3:26 PM EST Communications app competes directly with Microsoft’s Teams Deal moves Salesforce toward Benioff’s $50 billion sales goal Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers. 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. Dow Jones Jumps as Apple Stock Rallies, Salesforce.com Stock Slumps Ahead of Earnings Apple led the Dow higher on Tuesday, while Salesforce moved in the opposite direction. That’s why in 2015, Salesforce made a commitment to equal pay for equal work. Slack Connect extends the benefits of Slack to enable communication and collaboration between a company’s employees and all its external partners, from vendors to customers. Salesforce has held talks to acquire Slack, and a deal could be announced as soon as next week, according to a person familiar with the matter. Only Slack offers a secure, enterprise-grade environment that can scale with the largest companies in the world. Latham & Watkins LLP and Goodwin Procter LLP are serving as legal counsel to Slack. The transaction is anticipated to close in the second quarter of Salesforce’s fiscal year 2022, subject to approval by the Slack stockholders, the receipt of required regulatory approvals and other customary closing conditions. The company is truly a best place to work, and I can see why we have earned top spots on best workplaces lists by Fortune, Forbes, Glassdoor, and others. Slack brings people, data and tools together so … The opportunity we see together is massive,” said Stewart Butterfield, Slack CEO and Co-Founder. Neither Salesforce nor Slack undertakes any obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. Each of Salesforce and Slack may also file other relevant documents with the SEC regarding the proposed transaction. By Erin Griffith and Lauren Hirsch Dec. 1, 2020, 4:10 p.m. The … Salesforce agreed to … Copies of the documents filed with the SEC by Salesforce will be available free of charge on Salesforce’s website at www.salesforce.com/investor or by contacting Salesforce’s Investor Relations department at investor@salesforce.com. for a $10.0 billion senior unsecured 364-day bridge loan facility, subject to customary conditions. As the new interface for Salesforce Customer 360, Slack will transform how people communicate, collaborate and take action on customer information across Salesforce as well as information from all of their other business apps and systems to be more productive, make smarter, faster decisions and create connected customer experiences. Information about the directors and executive officers of Salesforce, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Salesforce’s proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on May 1, 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. SAN RAMON, Calif. -- Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the … Salesforce has acquired Slack for approximately $27.7 billion. 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. Salesforce on Tuesday said it would acquire Slack for $27.7 billion in cash and stock. December 02, 2020. 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, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on November 30, 2020. 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. All rights reserved. Salesforce has announced that Dreamforce ’20 will happen virtually – in fact, they have said all events in 2020 will be reimagined virtually. Of those who received an adjustment, 96% were due to unexplained differences among genders, and in the U.S., four percent were due to unexplained differences across race and ethnicity. Under the … Dec. 1 (UPI) --Cloud computing company Salesforce acquired workplace chat app Slack in an agreement announced by the two companies Tuesday. Salesforce expects to fund the cash portion of the transaction consideration with a combination of new debt and cash on Salesforce’s balance sheet. Combination of #1 CRM platform with the most innovative enterprise communications platform will create the operating system for the new way to work, enabling companies to grow and succeed in the all-digital world SAN FRANCISCO, Dec. 1, 2020 – Salesforce (NYSE: CRM), the global leader in CRM, and Slack Technologies, Inc. (NYSE: WORK), the most […] ... Nov. 25, 2020, 7:45 PM UTC ... Salesforce … Connecting people and data across systems, apps and devices is one of the biggest challenges companies face in today’s all-digital world. 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. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world. Salesforce is buying workplace messaging app Slack for $27.7 billion, marking the largest acquisition in the San Francisco-based cloud-based company’s history.. The board of directors of each of Salesforce and Slack have approved the transaction and the Slack board recommends that Slack stockholders approve the transaction and adopt the merger agreement. ... December 10, 2020 … Slack will be deeply integrated into every Salesforce Cloud. We talk to Ina Fried, technology correspondent for Axios, about Salesforce's intentions to buy Slack. Know more about this breakthrough along with other interesting news in this week’s top news brought to you by Analytics India Magazine. The Complete Salesforce Trailhead 2020: ... Top News. Salesforce places at No. By Associated Press; Dec. 1, 2020 ; ASSOCIATED PRESS / 2019. In other news, Salesforce has announced third-quarter revenue of $5.42 billion, a roughly 20% increase. 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. Market watchers are expecting Salesforce to announce a deal to buy business communication platform Slack after market close on Tuesday (Dec. 1). Slack is where work happens. You may obtain free copies of these documents from Salesforce or Slack using the sources indicated above. In connection with the proposed transaction, Salesforce intends to file with the SEC a registration statement on Form S-4 that will include a proxy statement of Slack and that also constitutes a prospectus of Salesforce. As part of the world’s #1 CRM, Slack will be able to expand its presence in the enterprise, not just among Salesforce customers, but for any company undergoing digital transformation. Salesforce.com, inc. Salesforce Tower, 415 Mission Street, 3rd Floor, San Francisco, CA 94105, United States. It’s the leading channel-based messaging platform, used by millions to align their teams, unify their systems, and drive their businesses forward. 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