CRM from Salesforce.com Inc.
acquisition of Slack Technologies Inc. WORK,
would be a major challenge for Microsoft Corp. MSFT,
one analyst said on Wednesday after a report on a possible deal for the works could trigger a wave of software acquisitions. “This deal would be a significant shot at Microsoft’s promise as the company’s teams offer a direct messaging competitor against Slack, a clear barrier to growth, and there would now be two horse races between Microsoft and Salesforce,” said Dan, Wedbush analyst. Ives on Wednesday note. Microsoft is already expressing its head with Dynamics 365 CRM with Salesforce, which specializes in customer relationship management software. The Salesforce Slack acquisition could also launch a number of software company acquisitions in the technology industry next year, Ives said. “This would also affect Google GOOG,
and its cloud seeks and puts more pressure on it [Google Cloud CEO Thomas] Kurian and GCP will enter into a collaborative cloud deal over the next 3-6 months to keep up with Amazon AMZN,
Microsoft and Salesforce. “Loose shares rose more than 23%, while Salesforce shares fell about 3%. Slack shares closed at $ 29.58 on Tuesday, bringing the company’s market cap to $ 16.89 billion. The report was not the only shock to the Amazon cloud industry in the cloud industry on Wednesday, when Amazon AWS ‘s public cloud service experienced a major outage and established many of its online services.