InsightsSuccess
Subscribe Now!
Get A Chance To Feature In Magazine By Submitting Your Interview Today!
No Result
View All Result
InsightsSuccess
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Blog
  • Conferences
No Result
View All Result
InsightsSuccess
No Result
View All Result

Slack, a messaging startup launches new product to power big businesses

Slack, a messaging startup launches new product to power big businesses - Insights Success

Slack Technologies Inc, which is a Silicon Valley messaging and collaboration software company, strives to expand its business by selling technology to some of the largest corporations.
Slack recently unveiled a new product designed for big companies like PayPal Holdings Inc., International Business Machines Corp and Capital One Financial Corp. The Slack Enterprise Grid is ready for companies with hundreds and thousands of employees and strict compliance requirements.
The development marks an evolution for a four-year-old messaging platform, which was started out as a tool, and was used by just a handful of entrepreneurs and then was quickly adopted by startups and media companies.
Slack is a platform where all the employees are able to send messages, collaborate, organize and share files. This technology also integrates a wide variety of business software, like Salesforce.com Inc and Skype, to enable employees do all their work within Slack.
This technology was originally designed for teams or small groups of employees. But because of the additional security and regulatory approvals, Slack can sell its enterprise product to big financial and health care companies, said Noah Weiss, who heads Slack’s search, learning, and intelligence group. IBM, Capital One and PayPal have been using it for months.
The new product provides another line of revenue for Slack, which was valued at $3.8 billion at its last private financing round a year ago. The company has raised more than $500 million from venture capitalists.
Slack is projecting about $150 million in annual revenue, Weiss said, based on its most recent monthly revenue. Its customers include 38,000 paying companies.
Slack started as a messaging system that co-founder and CEO Stewart Butterfield used to collaborate with colleagues as they built a gaming company, Glitch, which never took off.
But Slack faces tough competition with Microsoft Corp, which last year unveiled its Teams workplace collaboration service, and Facebook Inc, which launched Workplace by Facebook. And there are ample other technology companies, from Atlassian Corporation Plc to Alphabet Inc’s Google, which offer similar services.
A very recent survey by Spiceworks, which is a network of IT professionals, states that the Microsoft Teams will surpass Slack in popularity among businesses. It is estimated that about 27 percent of large businesses are already using or are planning to use Teams within two years, compared with 18 percent using Slack.
As most big companies are already using Microsoft, it will be easier and cheaper to stick with Microsoft’s chat option, said Spiceworks analyst Peter Tsai.
“Essentially they (Slack) are competing against a free product,” Tsai said

Previous Post

Grab to invest $700 million in Indonesia, marking it biggest investment in any country

Next Post

Tesla opened a massive battery storage facility in the Southern California desert

Next Post
Tesla opened a massive battery storage facility in the Southern California desert - Insights Success

Tesla opened a massive battery storage facility in the Southern California desert

// < ?php // if ( post_password_required() ) // return; // $comment_load = get_theme_mod('jnews_comment_load', 'normal'); // $comment_type = apply_filters('jeg_comment_type', get_theme_mod('jnews_comment_type', 'wordpress')); // $is_normal_load = true; // if($comment_type === 'wordpress') // { // $is_normal_load = true; // } else { // $is_normal_load = ( $comment_load === 'normal' ); // } // if($is_normal_load) // { // get_template_part('fragment/comments'); // } else { // get_template_part('fragment/comments', 'button'); // }

Recent News

Cryptoys-creative
Recent News

Cryptoys Lands a 16z Funding to Build NFTs

Tens of millions of dollars are being raised by NFT startup Cryptoys with the intention of creating a blockchain-based toy...

Read more
SpaceX-satellite

SpaceX Ramped up a Battle over Broadband Regulations that Poses an Existential Threat to Starlink

Union of American Airlines Pilots

American Airlines to Cut Service to Four Cities Due to Pilot Shortages

American-Airlines

American Airlines Facing Pilot Shortage, to Cut Service to 3 Cities

a-still-from-the-movie-Lightyear

Pixar’s Lightyear Collection Soars $51 Million in Opening Weekend

Path Breakers

Golden Helix: Providing Leading Genomic Data Analysis Software

Golden Helix: Providing Leading Genomic Data Analysis Software

Hubstaff

Hubstaff: Time and Workforce Management at Your Fingertips Virtually

Evonence LLC – Expert Google Workspace Partner Across North America

Evonence LLC – Expert Google Workspace Partner Across North America

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Gary-Olson-CEO-of-GHO-Group-LLC

GHO Group LLC: Bringing Vision to Reality

Insights Success is an archway that caters to Entrepreneurs’ quench of technology and business updates which are currently ruling the business world.
We are ceaselessly proving the best platform for leading companies, which aids indefinite progress while creating meaningful learning experiences for the visitors and invaluable brand awareness for the clients.

  • About Us
  • Advertise With Us
  • General Disclaimer
  • Terms & Condition
  • Privacy Policy
  • Subscribe
  • Contact Us

© Copyright 2022, InsightsSuccess | All Rights Reserved.

No Result
View All Result
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Women In Business
  • Blog
  • Conferences
  • IT & Innovations
  • Leadership
  • Healthcare
  • Money
  • Startups

© Copyright 2022, InsightsSuccess | All Rights Reserved.