Stewart Butterfield, CEO and Co-Founder, Slack 'Together, Slack and Salesforce Customer 360 will give every company in the world a single source of truth for their business and a single platform for connecting employees, customers, and partners with each other and the apps they use every day.' 'We've learned over the past year that the workplace isn't snapping back to the way it was,' said Bret Taylor, President and Chief Operating Officer of Salesforce. Marc Benioff, Chair and CEO of Salesforce

'Together we'll define the future of enterprise software, creating the digital HQ that enables every organization to deliver customer and employee success from anywhere.' 'We couldn't be more excited to have Slack as part of the Salesforce family, combining the #1 CRM and the trailblazing digital platform for the work anywhere world,' said Marc Benioff, Chair and CEO of Salesforce.

San Francisco (& Vancouver, BC), CA, July 22, 2021-(T-Net)-Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Vancouver-founded Slack Technologies, Inc. If the acquisition is successful, which still depends on passing other regulatory hurdles, it would be Salesforce’s largest purchase to date, according to the Wall Street Journal.Together, Salesforce and Slack are creating the digital HQ for success from anywhere “We consider, due to commercial and reputational risks, that Salesforce would be unlikely to disadvantage competitors by degrading interoperability between Salesforce’s CRM solution and competitors’ team collaboration solutions, or between Slack’s team collaboration solution and competitors’ CRM solutions,' Sims said. Sims added customers could change to other workplace collaboration platforms such as Microsoft Teams.

“Market participants said that if Salesforce engaged in anti-competitive bundling or foreclosure conduct, customers could switch to alternative CRM solutions, including global enterprise software companies such as Microsoft, Oracle, SAP and Adobe,' Sims said. Sims said most interested parties didn’t raise concerns with the purchase, however he noted businesses may seek out alternative options should Salesforce engage in anti-competitive conduct as a result of its purchase. “We focused on whether Salesforce having both CRM and team collaboration solutions could give rise to a substantial lessening of competition.”

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