Salesforce, a leading CRM platform, announced the acquisition of Slack, an enterprise communications platform. The transaction provided Slack with an enterprise value of $28 billion and an EV/Revenue of 32x based on Slack’s forecasted revenue for 2021. [more]
Last week, Snowflake, a U.S. company focused on cloud-driven data query and analytics services, started trading on the NYSE at $245 per share, after pricing its IPO at $120 per share, double the expected range of $75 to $85 per share floated earlier this month. [more]
As the Covid-19 pandemic socially isolates most economies across the world, the business world is quickly changing from office space to remote environments. Companies adapting online focus on three areas of digital transformation: (1) cloud storage, (2) workplace communication, and (3) video conferencing. [more]
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