Business software maker Slack confirmed that it has raked in an additional $250 million in a Series G funding round led by SoftBank Vision Fund. That brings total funding for the eight-year-old company to a whopping $841 million and valuation to $5.1 billion ….. Slack messaging software is popular but faces a growing number of competitive products from well-funded rivals including Microsoft with Microsoft Teams, Cisco with Spark, Google with Hangouts Chat, and Atlassian with Stride. – Here’s What Slack Has Planned Now That It’s Valued at $5.1 Billion, by Barb Darrow, September 18, 2017
Can Slack maintain its top position? I don’t think Google and Atlassian will hang on for long. Slack and Spark focus on messaging and chat. Will Microsoft’s approach of taking those technologies and adding in several other collaboration tools move them forward as a leader? Will it be too much to manage for IT Departments? Thoughts?