Slack CEO Stewart Butterfield’s life and career rise, in photos

  • Stewart Butterfield founded Slack in 2013 after selling his first startup, Flickr, to Yahoo for more than $20 million.
  • Slack became one of the fastest-growing companies ever, achieving a $1 billion valuation less than a year after it officially launched.
  • Butterfield, whose birth name was Dharma before he changed it at age 12, was born in British Columbia and majored in philosophy in college. 
  • He’s currently engaged to a fellow tech founder: Jennifer Rubio, the cofounder of luggage startup Away.
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Stewart Butterfield is on a roll.

In the early 2000s, Butterfield created Flickr, which sold to Yahoo for over $20 million. Now, his latest venture, Slack, one of the fastest-growing business apps ever, has been acquired by Salesforce for $27.7 billion.

The workplace messaging app, born out of a now-defunct gaming startup Tiny Speck, will help Salesforce compete with its chief rival, Microsoft,

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What Marc Benioff, Stewart Butterfield said about Salesforce Slack buy

Salesforce announced Tuesday that it’s acquiring workplace chat app Slack for a whopping $27.7 billion in its largest deal to-date. The deal represents a much more aggressive foray into office communication technology for Salesforce as it adapts to the adoption of remote work and spurred the CEOs of both firms to send explanatory messages to their teams. 

“Combining Slack with Salesforce Customer 360 will be transformative for our customers and the industry,” Salesforce CEO Marc Benioff sent in a note to Slack employees via Slack CEO Stewart Butterfield, welcoming them to the company. 

Butterfield also sent his own message to employees, reassuring them that Slack would remain true to itself while also being “part of something bigger”: “We’re not changing our roadmap, or our brand, or the way we do business. We will still recruit candidates to work at Slack. You will still work at Slack,” he wrote. 

Slack

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Salesforce’s Benioff Escalates Microsoft Rivalry With Slack

(Bloomberg) — Salesforce.com Inc.’s $27.7 billion takeover of Slack Technologies Inc. represents co-founder Marc Benioff’s most aggressive effort yet to challenge reigning software maker Microsoft Corp.



a screen shot of an open laptop computer sitting on top of a table: Slack signage on a laptop computer in the Brooklyn Borough of New York, U.S., on Tuesday, Dec. 1, 2020. Salesforce.com's expected purchase of Slack Technologies Inc. will likely be valued in the high $20 billions, according to the WSJ.


© Bloomberg
Slack signage on a laptop computer in the Brooklyn Borough of New York, U.S., on Tuesday, Dec. 1, 2020. Salesforce.com’s expected purchase of Slack Technologies Inc. will likely be valued in the high $20 billions, according to the WSJ.

The cash-and-stock deal, announced Tuesday and expected to close by July, will bring a workplace-communications application that’s grown more popular during the coronavirus pandemic to Salesforce’s ever-expanding platform. In the process, the app maker will come into greater conflict with the world’s largest software company, which offers a competing product named Teams.

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The purchase of Slack, an existing partner with less than $1 billion in annual revenue, fulfills Benioff’s long-held goal to make Salesforce’s software relevant to a broad swath of

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Salesforce’s Mega Bid For Slack Comes As CIOs Rethink Tech Needs For The Future Of Work

Much of the coverage of Salesforce’s decision to bid for Slack in a transaction valued at $27.7 billion has focused on the intense rivalry with Microsoft, whose Teams collaboration software offering has been outpacing Slack’s growth during the pandemic. But a significant shift is taking place in IT planning that creates an even more powerful commercial logic for the combination of the two software companies—and it’s a shift that’s likely to fuel more enterprise tech M&A in the year ahead.

CIOs and other tech leaders are now looking towards a future in which many more employees are allowed to work remotely for all or part of every week than before the Covid-19 pandemic began. A recent report from research firm Forrester estimates that while less than a

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Salesforce to acquire Slack messaging service for $27.7 billion

Business software maker Salesforce will acquire work-chat service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft.

The acquisition, announced Tuesday, is by far the largest in the 21-year history of Salesforce. The San Francisco company was one of the first to begin selling software as a subscription service that could be used on any internet-connected device instead of the more cumbersome process of installing the programs on individual computers.

Salesforce’s outspoken founder and CEO Marc Benioff hailed the “cloud computing” concept as the wave of the future to much derision initially. But software as a service has become an industry standard that has turned into a gold mine for longtime software makers. Microsoft for one has developed its own thriving online suite of services, known as Office 365, which includes a Teams messaging app that

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Salesforce buying work-chat service Slack for $27.7 billion

SAN RAMON, Calif. (AP) — Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft.

The acquisition announced Tuesday is by far the largest in the 21-year history of Salesforce. The San Francisco company was one of the first to begin selling software as a subscription service that could be used on any internet-connected device instead of the more cumbersome process of installing the programs on individual computers.

Salesforce’s flamboyant founder and CEO Marc Benioff hailed the “cloud computing” concept as the wave of the future to much derision initially.

But software as a service has become an industry standard that has turned into a gold mine for longtime software makers. Microsoft for one has developed its own thriving online suite of services, known as Office 365, which includes

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Salesforce To Buy Slack In $27.7 Bn Software Megadeal

Salesforce on Tuesday announced a $27.7 billion deal to buy online collaboration firm Slack, giving the business software giant a broader array of tools as the pandemic fuels a remote work trend.

San Francisco-based Salesforce will mesh Slack messaging technology with its platform for managing marketing and sales teams.

“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 chief executive Marc Benioff said in a release.

The deal gives Salesforce the popular workplace messaging software developed by Slack, which has faced increased challenges during the coronavirus pandemic from video-based services such as Zoom.

Slack co-founder and chief executive Stewart Butterfield said: “As software plays a more and more critical role in the performance of every organization, we share a vision of reduced complexity, increased power and flexibility, and ultimately a greater degree of alignment and organizational

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Salesforce’s $27.7B Slack deal combines two Amazon allies, creates big new rival for Microsoft

Salesforce CEO Marc Benioff calls it a “match made in heaven.” (GeekWire Illustration / Photo by Kevin Lisota)

Salesforce confirmed its plan to acquire Slack and revealed the purchase price, $27.7 billion in cash and stock, perhaps not coincidentally topping Microsoft’s $26.2 billion LinkedIn acquisition in the rankings of the largest tech deals of all time.

If the deal works out as Marc Benioff and Stewart Butterfield hope, it won’t be the last time the two San Francisco companies best the Redmond tech giant.

Salesforce and Slack “will shape the future of enterprise software,” said Benioff, the Salesforce CEO, in a statement announcing the deal.

“The opportunity we see together is massive,” added Butterfield, the Slack CEO.

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Salesforce’s Earnings and the Slack Deal: 7 Important Things That Were Shared

Salesforce.com (CRM) not only announced its quarterly results and guidance after the bell, a CFO change, its outlook for its next fiscal year and its much-rumored deal to acquire Slack (WORK) .

Here’s a run-down of important things announced by Salesforce and Slack on a very eventful Tuesday afternoon for the companies.

1. Salesforce’s Results and Guidance

Salesforce reported October quarter (fiscal third quarter) revenue of $5.42 billion (up 20% annually) and — excluding an $0.86 accounting gain largely related to Salesforce’s stake in Snowflake (SNOW)  — non-GAAP EPS of $0.88. Those numbers respectively topped FactSet consensus estimates of $5.25 billion and $0.75.

The cloud CRM software giant guided for January quarter revenue of $5.665 billion to $5.675 billion (up 17% annually) and non-GAAP EPS of $0.73 to $0.74. Revenue guidance is above a $5.51 billion consensus, while EPS guidance is below an $0.86 consensus due to plans for aggressive

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Salesforce’s Slack Purchase Would Mark An Abrupt About-Face For Benioff

At the end of this year’s second quarter, Marc Benioff was adamant that it is a bad time for Salesforce to buy companies. 

“We’re not in a good M&A environment,” the Salesforce CEO and chairman told investors during an earnings call in August. “This isn’t part of our plan right now. We don’t see that. We really see focusing on our business.”

So it came as a surprise to observers that Salesforce is in advanced talks to buy Slack, the workplace instant messaging startup. Salesforce is reportedly expected to announce the deal after market close Tuesday when it reports third quarter earnings. It is expected to price Slack at a premium above its current $24 billion market cap, in a half cash, half

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