Yet the company considers its primary rival to be Microsoft. Slack must fight against some of the largest tech companies in the world, such as Google, Cisco and even Facebook. Based on Slack’s own analysis, the spending on communication and collaboration tools is at about $28 billion worldwide.Ĭompetition: It’s intense.

Slack is even creating a low-code system that should mean even more growth of the ecosystem. They have created over 450,000 third-party applications and custom integrations, which have provided for a much richer platform. Powerful Ecosystem: Slack has built a strong community of more than 500,000 developers. Depending on the size of the organization, this might provide tens, hundreds or even thousands of times more access to information than is available to individuals working in environments where email is the primary means of communication.” Membership of a channel can change over time as people join or leave a project or organization, and users benefit from the accumulated historical information in a way an employee never could when starting with an empty email inbox. Here’s how the S-1 describes it: “Channels offer a persistent record of the conversations, data, documents, and application workflows relevant to a project or a topic. So they reimagined the experience, with a focus on team-based channels - not individual inboxes. The App: The founders created Slack because they were frustrated with email. OK, what are some of the notable details in the IPO filing? Well, let’s take a look: The shares will be listed on the NYSE under the ticker of SK. In terms of the timing, the Slack offering is likely to hit the markets in a few weeks.

Slack technologies inc