#QUIP SALESFORCE ACQUISITION SOFTWARE#

Much like in the case of any acquisition, there is a degree of uncertainty among Slack’s existing customers. So, if you are one of the 142,000 businesses with a collective user base of 12 million employees using Slack, what does Slack acquisition mean for you? Let’s discuss. Salesforce gets a collaboration platform used by millions across the globe into their technology portfolio, and Slack gets to reignite its growth plans by teaming up with a cloud giant having a proven network of enterprise sales staff. The deal has set speculations in motion, and it seems that it is a deal with upsides for both companies. He has been a stringer for the Associated Press since 1983 and resides in Silicon Valley.‘A match made in heaven’ is what Marc Benioff, CEO of Salesforce, has dubbed Salesforce’s $27.7 billion Slack acquisition.

#QUIP SALESFORCE ACQUISITION SOFTWARE#

Previously, Chris was a founding editor of both IT Manager's Journal and and was managing editor of Software Development magazine. He has won several national and regional awards for his work, including a 2011 Folio Award for a profile () of Salesforce founder/CEO Marc Benioff-the only time he has entered the competition. In February 2017 and September 2018, Chris was named among the 250 most influential business journalists in the world () by Richtopia, a UK research firm that used analytics to compile the ranking. In his 16 years and more than 5,000 articles at eWEEK, he distinguished himself in reporting and analysis of the business use of new-gen IT in a variety of sectors, including cloud computing, data center systems, storage, edge systems, security and others. Preimesberger is Editor Emeritus of eWEEK. The possibilities of mixing data, content and communication are amazing.”Ĭhris J. “We’ll be able to extend the Salesforce Customer Success Platform in powerful new ways with our next-generation productivity capabilities. “As part of Salesforce, we will be able to expand our service more quickly and reach millions of people all over the world-which has been our mission since day one,” Taylor and Gibbs wrote. Taylor and co-founder, former Google executive Kevin Gibbs, will remain at Salesforce. Quip said in a corporate blog post announcing the deal that it will continue its operations as normal under Salesforce. Quip already has sold its platform into several key companies, including Facebook. Quip was founded in 2012 and had raised a total of $45 million in funding, with investors that include Salesforce founder Marc Benioff, Salesforce Ventures, Peter Fenton and Benchmark, Greylock and Yuri Milner. While Quip works directly with Microsoft Office and Google Apps, it was designed to be an alternative from Day 1-which makes it a double-agent of sorts.

Quip has a built-in chat element for every document that negates that whole process. The convention now is to create a document, attach it to an email or upload it to Dropbox or Box and then email a note to people about the document. Quip founder Taylor has said he wants his platform to replace both Office and email. It also has a desktop version and offers chat rooms to give it a social-network look and feel. Quip, which integrates directly with the popular Slack collaboration app, is a mobile-first word-processing and spreadsheet app that brings new competition to Microsoft Office 365 and OpenOffice. The legal document Salesforce filed on the deal says that “Quip capital stock an aggregate value of approximately $582 million not including consideration attributable to Salesforce Ventures’ existing investment in Quip.” 1 8K filing with the Securities and Exchange Commission. The stock amounts to $582 million of the total, as noted in Salesforce’s Aug. While the official transaction details were not released, TechCrunch cited two sources close to the deal who said the total price is $750 million in cash and stock. 1 that it has acquired Quip, a cloud-based word processing app co-founded by former Facebook CTO Bret Taylor. The San Francisco-based web services giant revealed Aug. Salesforce, which has been as progressive a new-generation Silicon Valley establishment as there is during its 17-year lifetime, continues to add applications and services to its already impressive arsenal of tools. We may make money when you click on links to our partners. EWEEK content and product recommendations are editorially independent.

Quip salesforce acquisition