Slack Strengths, Domain Expertise, and Key Differentiators
Slack is a channel-based messaging platform. With Slack, people can work together more effectively, connect all their software tools and services, and find the information they need to do their best work, all within a secure, enterprise-grade environment.
Slack Recent Developments
Slack has announced a variety of product launches and partnerships in 2020. Product launches include new analytics and admin features, new enterprise security features, a new user interface on both desktop and mobile versions of the Slack app, and the introduction of Slack Connect, which allows users from up to 20 different organizations to collaborate in the same channel.
Slack also announced expanded partnerships with AWS and Atlassian, as well as a Microsoft Teams Calls integration. 2019 saw upgrades to workplace apps on Slack including the launch of Workflow Builder, which makes it easy for anyone to automate routine tasks with workflow templates. Also in 2019 was the launch of a new and improved desktop application, improving speed and performance, as well as the launch of Enterprise Key Management for Grid.
Slack Mergers and Acquisitions (M&A) Activities
In July 2020, Slack acquired Rimeto, a four-year-old startup that provides customers with more detailed employee directories and profiles.
In 2018 Slack acquired Astro, a company with deep expertise in email infrastructure and maker of the popular Astrobot for Slack. In Astro, Slack brought on a team that collectively has built the industry's best mail and messaging tools like Zimbra, Acompli (acquired by Microsoft, and the foundation for Outlook Mobile), and Mumbo (acquired by LinkedIn). This is a natural next step for the company as channel-based collaboration becomes the default way of working.
Slack Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Slack applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Slack and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Slack, customers.
Ownership: - NYSE: WORK
Number of Employees: 2156
Functional Markets: Collaboration,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
Slack Key Enterprise and Cloud Applications
Slack Revenues, $M:
|Type/Year||2018||2019||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Slack Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
Slack Enterprise Applications Revenues By Functional Markets, $M:
Slack Enterprise Applications Revenues By Verticals, $M:
Slack Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
Slack Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Slack Customers - Breakdown by Geo, Size, Vertical and Product
No. of Slack Customers: 130,000 Paid Customers
No. of Slack Enterprise Applications Customers: 130,000 Paid Customers
No. of Slack Cloud Customers: 130,000 Paid Customers
No. of Slack Cloud Subscribers: x
Slack has 130K+ paid customers and 12M+ Daily Active Users (DAU). Paid customers spend more than 9 hours a day connected to the service, including about 90 minutes a day actively using Slack. 5B+ actions are made in Slack each week, including 1B+ mobile actions. Notable Slack customers include 65 of the Fortune 100, including Oracle, Panasonic, 21st Century Fox, The New York Times and more.
In Q4 of it's fiscal 2020, Slack has added 5,000 paying customers. In seven weeks then, Slack has grown its customer count by 6.4%
Slack Market Opportunities, M&A and Geo Expansions
In February 2020, IBM picked Slack over Microsoft Teams for its 350,000 employees. The win comes just moths before Slack filed a competition complaint against Microsoft Corporation before the European Commission.
In July 2018, Slack acquired Robots & Pencils Missions to make it easy for non-tech teams to streamline work.
In August 2018, Slack added an additional $427 million of investment at a post-money valuation of more than $7.1 billion. This Series H equity round is in addition to the $841 million previously raised. The lead investors are Dragoneer Investment Group and General Atlantic, joined by funds and accounts advised by T.Rowe Price Associates, Inc. and funds advised by Wellington Management, and Baillie Gifford and Sands Capital, as well as existing investors.
Slack Risks and Challenges
Similar to other highflying startups, there have been growing pains with Slack. In March 2015, Slack reported a security breach that prompted the vendor to make two-factor authentication available to its users. Given many of its users are accessing Slack via their mobile devices, security protocols will continue to be a hot topic for any organization considering and/or authorizing their teams and employees to send and receive sensitive or privileged information over the messaging platform.
The more popular Slack becomes, the more it will be competing with the corporate email system as the de facto standard for workers to communicate with one another. And security will always be the overriding concern before Slack becomes the standard messaging system in the executive suites as well as for groups of team workers large and small.
Slack Ecosystem, Partners, Resellers and SI
In April 2019 Slack reached a big milestone in their relationship with Japan by opening a new office in Otemachi, Tokyo as an efficient, transparent communication space.
Slack primarily sells direct. Slack's technology partners are: Salesforce, GSuite, Workday, Atlassian, Zendesk, Dropbox SAP, Oracle, ServiceNOW and others. Adittionally, Slack has service partners. Slack’s services partners guide companywide, transformative initiatives that power workplace collaboration. Some of them are Robots & Pencils, Adaptavist, Cprime, Onix, TNG, and many more.
Slack Cloud Infrastructure Insights
Subscribe to read more about:
- Slack Public Cloud and Infrastructure (IaaS)
- Slack Platform (PaaS)
- Slack Application Delivery
- Slack Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:https://www.appsruntheworld.com/About Us
Copyright © 2021, APPS RUN THE WORLD