![]() ![]() ![]() On December 1 of 2020, however, SaaS powerhouse Salesforce completed its acquisition of Slack in a deal worth over $27B. Less than a year later, the company acquired its largest client, IBM, and its workforce of more than 350,000. In June of 2019, Slack went public (NYSE: WORK) via a direct public offering. Just over a year after its official launch, the company was valued at $1B. By April of 2015, Slack had more than 200,000 paid accounts and over 750,000 daily active users. By 2014, the company had grown rapidly, securing 8,000 signups in a single 24-hour period and receiving $120M in funding from well-known venture firms like Andreessen Horowitz. They named it Slack, an acronym for Searchable Log of All Conversation and Knowledge. So Tiny Speck started investing in their internal communications solution instead. To streamline the process and communicate with developers in different time zones, they built an internal messaging tool based on Internet Relay Chat (IRC), a chat program that was popular in the 80s and 90s.īy 2012, however, Glitch had failed to attract a large enough audience to be financially viable. In 2009, Butterfield and his team began development on a massively multiplayer online role-playing game (MMORPG) called Glitch. Slack was actually born out of co-founder Stewart Butterfield’s previous company, Tiny Speck. You can find Slack in use by blue-chip enterprises like Intuit, Target, Lyft, and Riot Games to small businesses and even individual users. The service is a powerful tool for remote work and collaboration. Slack is a chat-based messaging platform that allows teams to communicate in real-time via text, images, videos, etc. Is a product position at Slack your dream job? Then keep reading! So it’s not surprising that so many product pros would want a job at this fast-growing organization. On top of that, Slack is generally thought to be one of the best places to work as a Product Manager. Currently, it’s one of the hottest companies in the software space. Along with Zoom, Microsoft Teams, and other tools for remote teamwork, Slack experienced a surge in its own popularity during the COVID-19 pandemic. Message-based communication platform Slack drives collaboration for some of the world’s most well-known companies. ![]()
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