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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Editor's note: “May the (Sales)force be with you!” Stewart Butterfield, co-founder and CEO of Slack, definitely likes the sound of that. Slack, since launching in 2013, has done well to establish a new paradigm in workspace collaboration and become the fastest-growing enterprise software tool of all time. But the company has been struggling in the face of the onslaught mounted by Microsoft Teams—as I wrote in the last edition of Oversize—and also failed to cash in on the opportunity that the remote working necessitated by the pandemic has offered. A deep-pocketed owner like Salesforce, with well-established sales and distribution channels inside enterprises, will help Slack overcome those challenges. But what’s in it for Salesforce? After all, at $27.7 billion, it is its biggest acquisition yet. SaaS force Founded in 1999, Salesforce can be credited with pioneering the software-as-a-service industry, focusing on sales and marketing and customer success offerings—CRM (customer relationship management), to use the industry term. As one of the fast-growing cloud software companies, Salesforce went public in 2004 and despite not having much of a mindshare due to the absence of …
Editor's note: “May the (Sales)force be with you!” Stewart Butterfield, co-founder and CEO of Slack, definitely likes the sound of that. Slack, since launching in 2013, has done well to establish a new paradigm in workspace collaboration and become the fastest-growing enterprise software tool of all time. But the company has been struggling in the face of the onslaught mounted by Microsoft Teams—as I wrote in the last edition of Oversize—and also failed to cash in on the opportunity that the remote working necessitated by the pandemic has offered. A deep-pocketed owner like Salesforce, with well-established sales and distribution channels inside enterprises, will help Slack overcome those challenges. But what’s in it for Salesforce? After all, at $27.7 billion, it is its biggest acquisition yet. SaaS force Founded in 1999, Salesforce can be credited with pioneering the software-as-a-service industry, focusing on sales and marketing and customer success offerings—CRM (customer relationship management), to use the industry term. As one of the fast-growing cloud software companies, Salesforce went public in 2004 and despite not having much of a mindshare due to the absence of …
The two startups are seemingly doing well, leaving affected employees wondering about the real reason for the job cuts.
Despite facing challenges around its business model, the ride-hailing platform has outpaced larger rivals, carved out a niche for itself, particularly in smaller cities, and joined the unicorn club.
The Chennai-founded SaaS company has been riddled with product and people issues ever since its IPO. Its new American CEO now has a lot to fix, build and rebuild.
The two startups are seemingly doing well, leaving affected employees wondering about the real reason for the job cuts.
Despite facing challenges around its business model, the ride-hailing platform has outpaced larger rivals, carved out a niche for itself, particularly in smaller cities, and joined the unicorn club.
The Chennai-founded SaaS company has been riddled with product and people issues ever since its IPO. Its new American CEO now has a lot to fix, build and rebuild.
