Slack Technologies, Inc. was founded in 2009 in Vancouver, British Columbia, Canada. Its core team is largely drawn from the founders of Ludicorp, the company that created Flickr. In June 2019, Slack Technologies went public on the New York Stock Exchange via a direct stock listing. On December 1, 2020, the acquisition by Salesforce for USD 27. 7 billion was officially confirmed.
About Slack Technologies in brief
Slack Technologies, Inc. is an American international software company founded in 2009 in Vancouver, British Columbia, Canada. Its core team is largely drawn from the founders of Ludicorp, the company that created Flickr. Outside its headquarters in San Francisco, California, Slack operates offices in Dublin, Vancouver, New York City, Toronto, Denver, London, Tokyo, Pune, Paris, Istanbul, and Melbourne. In June 2019, Slack Technologies went public on the New York Stock Exchange via a direct stock listing. On December 1, 2020, the acquisition by Salesforce for USD 27. 7 billion was officially confirmed. In 2016, Slack was ranked #1 on the Forbes Cloud 100 list. Slack was recognized in Credit Suisse AG’s inaugural Disruptive Technology Recognition Program, an annual list of five top companies who are disrupting traditional enterprise technology.
In the lead-up to its DPO, Slack reported that, for the fiscal year ending January 31, 2019, it had generated USD 6 million in revenue, up from USD 220. 5 million in the previous year. Slack also reported losses of USD 138 million in 2017, and reported losses for fiscal year 2018 of USD 9 million for the quarter ending January 1, 2019. Slack announced the acquisition of Screenhero, a specialist in voice, video, and screen sharing, in January 2015. In March 2015, Slack signed a deal with investors to raise up to USD 160 million in a funding round that valued the company at USD 2. 76 billion. In May 2015, Social Capital was a leading investor in a Funding round for Slack Technologies.
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