{"id":2142,"date":"2020-11-27T17:31:43","date_gmt":"2020-11-27T12:01:43","guid":{"rendered":"https:\/\/www.saasworthy.com\/blog\/?p=2142"},"modified":"2020-11-27T17:35:34","modified_gmt":"2020-11-27T12:05:34","slug":"saas-weekly-roundup-47-salesforce-slack-acquisition-report","status":"publish","type":"post","link":"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-47-salesforce-slack-acquisition-report","title":{"rendered":"SaaS weekly roundup #47: how will Salesforce&#8217;s reported acquisition of Slack play out?"},"content":{"rendered":"\n<p>While we say this every week, the past seven days were quite &#8216;newsy&#8217; in the world of SaaS. From Salesforce reportedly in talks to buy Slack to Kahoot making its fourth acquisition with Drops &#8211; there&#8217;s a lot to unpack this week. So without any more delay, let&#8217;s get into it.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-47-salesforce-slack-acquisition-report\/#News_of_the_week\" title=\"News of the week\">News of the week<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-47-salesforce-slack-acquisition-report\/#SaaS_companies_that_got_the_funding_this_week\" title=\"SaaS companies that got the funding this week\">SaaS companies that got the funding this week<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-47-salesforce-slack-acquisition-report\/#Must_reads\" title=\"Must reads\">Must reads<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-47-salesforce-slack-acquisition-report\/#Listen_to\" title=\"Listen to\">Listen to<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-47-salesforce-slack-acquisition-report\/#Watch\" title=\"Watch\">Watch<\/a><\/li><\/ul><\/nav><\/div>\n<h2 id=\"news-of-the-week\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"News_of_the_week\"><\/span>News of the week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.wsj.com\/articles\/salesforce-has-held-talks-to-buy-slack-technologies-11606326392?mod=djemalertNEWS\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Salesforce is in advanced talks to buy Slack Technologies<\/strong><\/a><\/p>\n\n\n\n<p>This is definitely the biggest news, so much so that it resulted in an increase in <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/slack\" target=\"_blank\">Slack&#8217;s<\/a> share price, while <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/salesforce\" target=\"_blank\">Salesforce<\/a> shares saw a dip in price. While it may not make direct sense as to how the leading <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/spa-and-salon-management-software\" target=\"_blank\">CRM provider<\/a> will leverage <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/collaboration-software\" target=\"_blank\">collaboration software<\/a> Slack, many experts suggest that this is like Microsoft&#8217;s playbook to use <a href=\"https:\/\/www.saasworthy.com\/product\/microsoft-teams\" target=\"_blank\" rel=\"noreferrer noopener\">Teams <\/a>to get users to try its <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/microsoft-dynamics-365-for-sales\" target=\"_blank\">Dynamics CRM<\/a>. Well, we have to see whether this acquisition plays out and how it changes the industry.<\/p>\n\n\n\n<p><strong>Related tweets:<\/strong> https:\/\/twitter.com\/gregg_johnson\/status\/1332014286999150592 | https:\/\/twitter.com\/jasonlk\/status\/1332031678320033792<\/p>\n\n\n\n<p><a href=\"https:\/\/workspaceupdates.googleblog.com\/2020\/11\/google-meet-attendance-reports-live-stream-enhance.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Improving Google Meet attendance reports and making them available to more customers<\/strong><\/a><\/p>\n\n\n\n<p>We&#8217;ve to give credit to Google to continuously update its video conferencing offering. <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/google-hangouts-meet\" target=\"_blank\">Google Meet<\/a> now offers better attendance reports for not just education meetings, but all kinds of users as well. The admin will also have control over tracking and report creation.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.zdnet.com\/article\/vmware-tops-q3-estimates-raises-fiscal-year-guidance\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>VMware tops Q3 estimates, raises fiscal year guidance<\/strong><\/a><\/p>\n\n\n\n<p>Dell-owned VMWare announced its latest quarterly results, and mentioned that its SaaS revenue increased by 44 percent from the same period last year. And that&#8217;s not it, it also accounted for 24 percent of the company&#8217;s revenue.<\/p>\n\n\n\n<p><a href=\"https:\/\/aithority.com\/saas\/chargebee-and-pipe-partner-to-supercharge-saas-growth\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Chargebee and Pipe partner to supercharge SaaS growth<\/strong><\/a><\/p>\n\n\n\n<p>Subscription management platform <a href=\"https:\/\/www.saasworthy.com\/product\/chargebee\" target=\"_blank\" rel=\"noreferrer noopener\">Chargebee<\/a> has joined hands with <a href=\"https:\/\/www.saasworthy.com\/product\/pipe\" target=\"_blank\" rel=\"noreferrer noopener\">Pipe<\/a>, a company that provides upfront funding to SaaS companies basis their MRR without any debt or equity. The partnership does make sense as Chargebee can provide the relevant data to Pipe.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/11\/24\/kahoot-drops-50m-on-drops-to-add-language-learning-to-its-gamified-education-stable\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Kahoot drops $50million on Drops to add language learning to its gamified education stable<\/strong><\/a><\/p>\n\n\n\n<p>Gamification software <a href=\"https:\/\/www.saasworthy.com\/product\/kahoot\" target=\"_blank\" rel=\"noreferrer noopener\">Kahoot<\/a> has acquired Drops \u2013 a startup that helps one learn languages with the help of pictures and words \u2013 for $50million. Kahoot has been moving from strength to strength this year, be it getting a $215million funding from Softbank or acquiring companies.<\/p>\n\n\n\n<h2 id=\"saas-companies-that-got-the-funding-this-week\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SaaS_companies_that_got_the_funding_this_week\"><\/span>SaaS companies that got the funding this week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.surgeahead.com\/meet-the-startups-of-surge-04-2020\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Meet the startups of Surge 04 2020<\/strong><\/a><\/p>\n\n\n\n<p>Sequoia&#8217;s early-stage startup program Surge has announced its fourth cohort. Out of 17 startups, half of them are in the SaaS space, including Epsilo, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/lambdatest\" target=\"_blank\">LambdaTest<\/a>, Let&#8217;s Dive, and more.<\/p>\n\n\n\n<p>Shipsy, which is also a part of this batch, has raised $6million from Surge and Ingo Edge. The logistics platform helps customers manage their end-to-end operations.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/11\/23\/yc-backed-cashfree-raises-35-3-million-for-its-payments-platform\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YC-backed Cashfree raises $35.3million for its payments platform<\/strong><\/a><\/p>\n\n\n\n<p>Another Indian company finds its name in the list this week as it has raised $35.3million. <a href=\"https:\/\/www.saasworthy.com\/product\/lambdatest\" target=\"_blank\" rel=\"noreferrer noopener\">Cashfree<\/a>, a <a href=\"https:\/\/www.saasworthy.com\/list\/payment-gateway-software\" target=\"_blank\" rel=\"noreferrer noopener\">payment gateway software<\/a>, has received the Series B funding led by Apis Partners. It&#8217;ll be using the funding to build cross-border payments solutions.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.joinblvd.com\/blog\/boulevard-series-b-financing\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Boulevard\u2019s Series B financing: onward, together.<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/spa-and-salon-management-software\" target=\"_blank\" rel=\"noreferrer noopener\">Spa and salon management software<\/a> Boulevard has nabbed a $27million Series B funding. Led by Index Ventures and Toba Capital, the company will use the money to expand across the US.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/11\/23\/metigy-gets-20-million-aud-to-making-online-marketing-easier-for-smes\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Metigy gets $20 million AUD to make online marketing easier for SMEs<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/metigy\" target=\"_blank\" rel=\"noreferrer noopener\">Metigy<\/a>, a <a href=\"https:\/\/www.saasworthy.com\/list\/social-media-management-software\" target=\"_blank\" rel=\"noreferrer noopener\">social media management software<\/a>, has gotten $20million AUD (roughly $14.6million) Series B funding. It was led by Cygnet Capital and will allow the company to expand its presence in the US and Southeast Asia.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.wsj.com\/articles\/salesforce-puts-money-into-appsflyer-11606221000?mod=djemalertNEWS\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Salesforce puts money into AppsFlyer<\/strong><\/a><\/p>\n\n\n\n<p>Ad attribution tool <a href=\"https:\/\/www.saasworthy.com\/product\/appsflyer\" target=\"_blank\" rel=\"noreferrer noopener\">AppsFlyer<\/a> had announced its Series D funding in January this year. And now it has extended that funding to $225million, thanks to the infusion from Salesforce Ventures.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/11\/25\/cast-ai-nabs-7-7m-seed-to-remove-barriers-between-public-clouds\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Cast.ai nabs $7.7M seed to remove barriers between public clouds<\/strong><\/a><\/p>\n\n\n\n<p>Instead of being stuck with one cloud provider, wouldn&#8217;t it be convenient to use different cloud services for the particular use case? That&#8217;s what Cast.ai enables, as it uses the cloud provider based on your requirements and budget, without you worrying about the back end.<\/p>\n\n\n\n<p><a href=\"https:\/\/frappe.io\/blog\/announcements\/frappe-zerodha\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Frappe + Zerodha<\/strong><\/a><\/p>\n\n\n\n<p>We don&#8217;t hear much about the funding of open-source projects. But <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/erpnext\" target=\"_blank\">ERPNext<\/a> proves to be an anomaly, as it has been able to raise $1.35million from Zerodha. ERPNext is aimed at providing businesses a free, fully customizable <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/erp-software\" target=\"_blank\">ERP platform<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">You&#39;ve engaged with a prospect to the point where they *should* be making a buying decision, but the conversation has stalled?<br><br>It&#39;s time for the &quot;what happens if you don&#39;t buy&quot;-pitch.<br>Instead of repeating all the benefits your prospect will reap when they do buy from you, &#8230;<\/p>&mdash; Steli Efti (@Steli) <a href=\"https:\/\/twitter.com\/Steli\/status\/1331837924309012482?ref_src=twsrc%5Etfw\">November 26, 2020<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 id=\"must-reads\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Must_reads\"><\/span>Must reads<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.nytimes.com\/2020\/11\/24\/magazine\/shopify.html\" target=\"_blank\" rel=\"noreferrer noopener\">Can Shopify compete with Amazon without becoming Amazon?<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/thenextweb.com\/growth-quarters\/2020\/11\/24\/6-things-i-wish-i-knew-before-i-bootstrapped-my-first-saas-startup\/\" target=\"_blank\" rel=\"noreferrer noopener\">6 things I wish I knew before I bootstrapped my first SaaS startup<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/blog.chartmogul.com\/forecasting-mrr-revenue\/\" target=\"_blank\" rel=\"noreferrer noopener\">A simplified method for forecasting MRR growth<\/a><\/p>\n\n\n\n<h2 id=\"listen-to\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Listen_to\"><\/span>Listen to<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Eoghan McCabe &#8211; Chairman &amp; Co-Founder at Intercom &#8211; leadership lessons from Scaling Intercom<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/c3f1cef3e02c4fe3a9d99b1d3647b17b\/\" height=\"170px\" width=\"100%\"><\/iframe><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/intercom\" target=\"_blank\" rel=\"noreferrer noopener\">Intercom<\/a>, a leading <a href=\"https:\/\/www.saasworthy.com\/list\/live-chat-software\" target=\"_blank\" rel=\"noreferrer noopener\">live chat software<\/a>, has come a long way since its inception. Its chairman and co-founder Eoghan McCabe share the leadership lessons on how to scale a company, and what one should focus on to become an effective leader.<\/p>\n\n\n\n<p><strong>Sujan Patel shares 4 SaaS growth strategies for bCast<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/b05717052dd541c5bfeb4400fb648ec6\/\" height=\"170px\" width=\"100%\"><\/iframe><\/figure>\n\n\n\n<p>This is an unusual podcast episode. Unlike most podcasts, where the conversation is about the company or the tips are generic, in this one, Sujan Patel discusses growth strategies specifically related to podcast software <a href=\"https:\/\/www.saasworthy.com\/product\/bcast\" target=\"_blank\" rel=\"noreferrer noopener\">bCast<\/a>. It&#8217;s quite insightful and several of those suggestions could be applied to other SaaS software too.<\/p>\n\n\n\n<h2 id=\"watch\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Watch\"><\/span>Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>How to acquire, grow and exit SaaS companies With Akeel Jabber<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"SSS006 - How To Acquire, Grow and Exit SaaS Companies With Akeel Jabber\" width=\"788\" height=\"443\" src=\"https:\/\/www.youtube.com\/embed\/6EhtPbtorEE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>With so many acquisitions happening in the space, you must be wondering how companies should be acquired \/ sold. This video acts as a primer for the same where Akeel Jabbar, founder of Horizen Capital, discuss what he looks for in companies, how he grows them and more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s everything that you need to know about the happenings in the world of SaaS in the past week <\/p>\n","protected":false},"author":3,"featured_media":2144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-2142","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-saas-weekly-roundup"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SaaS weekly roundup #47: how will Salesforce&#039;s reported acquisition of Slack play out? - SaaSworthy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-47-salesforce-slack-acquisition-report\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SaaS weekly roundup #47: how will Salesforce&#039;s reported acquisition of Slack play out? - SaaSworthy Blog\" \/>\n<meta property=\"og:description\" content=\"Here&#039;s everything that you need to know about the happenings in the world of SaaS in the past week\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-47-salesforce-slack-acquisition-report\" \/>\n<meta property=\"og:site_name\" content=\"SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; Trends in SaaS\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/saasworthy\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-27T12:01:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-27T12:05:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2020\/11\/SaaS-Weekly-roundup-47-SaaSworthy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nitansh Rastogi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@saasworthy\" \/>\n<meta name=\"twitter:site\" content=\"@saasworthy\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nitansh Rastogi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-47-salesforce-slack-acquisition-report\",\"url\":\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-47-salesforce-slack-acquisition-report\",\"name\":\"SaaS weekly roundup #47: how will Salesforce's reported acquisition of Slack play out? 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