Microsoft has been a company which has been known for their excellence in the world of software technology. The software division has been coming out with great results and amazing performances for Microsoft over the years and while the company has been building their hardware division off late, they have not forgotten their software division too. The company has been coming out with many updates as well as acquisitions which have helped the company grow at a rapid pace. While the company has been buying out many productivity apps, Slack has been one major name they have had their eyes on for quite a long time.
Slack has been a rising star in the world of productivity apps and has been rising in a manner like no other. The company has been growing very rapidly and by now has gained 2.3 Million users, out which a solid 650,000 users are paid subscribers of their services.
The company has been making close to $65 Million in annual revenues and according to several speculations, Microsoft had their eyes on the company for quite a while. With over 1.5 billion monthly messages, 320 million minutes of “active slack usage” per week, and more than 280 apps in the Slack directory, the company has hit a sweet spot in the world of productivity apps.
While Microsoft senior execs and advisors had suggested the CEO Satya Nadella as well as the Co-Founder Bill Gates to take over Slack, both of them weren’t high on the idea of acquiring Slack. Bill Gates even suggested they could roll out similar features in the Skype Messenger.
However, if that deal was to ever take place, Microsoft would have probably shelled out as many as $8 billion in taking over Slack, which is currently evaluated in the markets at $3.5-4 Billion.