Reimagining the Company Directory
July 08 2020 - 8:30AM
Business Wire
Slack Acquires
Rimeto: Will Power Slack Profiles and Remain Standalone Product
Slack Technologies, Inc., (NYSE:
WORK) today is excited to announce that we have acquired Rimeto.
Rimeto has reimagined the business directory over the last four
years, much in the same way we have reimagined business
communication. Rimeto’s advanced profile and directory features
will be integrated into Slack directly, but we will also continue
to offer Rimeto as a standalone product and support their existing
enterprise customers.
Rimeto is a powerful cultural tool
that can help strengthen employee ties to each other and to their
work. If there’s one thing we’ve heard over and over from our
customers and employees alike during the pandemic, it’s that people
are struggling to stay connected. We all want to understand the
people we work with and have context around their lives. Employees
with weak social ties to their colleagues aren’t as happy or
productive as employees at companies with a thriving, healthy
culture. But the typical enterprise directory certainly doesn’t
help; it’s about as valuable today as a phone book and usually less
informative.
Rimeto offers an enterprise wide,
searchable directory, automatically integrating information from
across your company to deliver rich profiles of every employee,
their skills, experience, and current projects. It’s a natural fit
with Slack. Channels make it easy to find the information you need
and understand what your team is working on. Now we’re going to
make it just as easy to find the people you need and understand the
humans you’re working with.
The traditional enterprise directory
includes pretty limited information, usually what you’d find on a
business card, and search is limited the same way. How do you find
somebody running a project if you don’t know their name or title?
You can’t. But Rimeto lets you search across every attribute –
whether you’re looking for a project leader or everyone who worked
with a specific customer, an expert on sales cycles in a particular
region, or just want to understand the new member of your team a
little better, it’s all there and it’s all searchable.
We’re excited to welcome the Rimeto
team. For more details, see Rimeto’s post here.
Quotes:
“We’ve been on a mission to help everyone easily find and
understand their colleagues – and all of the groups, teams, and
projects within their organization,” said Rimeto founder Ted Zagat.
“Joining Slack is a special opportunity to accelerate the impact
and reach of the product we’ve spent years building. We couldn’t be
more excited to help make Slack an even better platform for
bringing human connection and collaboration to life.”
“At Expedia Group, we use both Slack and Rimeto to give our
employees a better way to work together by making it easier to
collaborate, access and share information,” said Chris Burgess,
Vice President of Global IT at Expedia Group. “I’m excited to see
these two companies come together given how we’ve seen both
platforms deliver significant value across our organization.”
“A challenge with remote working is how to feel more connected
to your colleagues,” said Wayne Kurtzman, Research Director, Social
and Collaboration at IDC. “The Rimeto acquisition can result in
enhanced creativity, problem-solving and collaboration in Slack by
enabling a more effective connection between people.”
Additional Information:
Financial terms of the acquisition were not disclosed. Slack is
not updating its guidance for the full year ending January 31,
2021, which it provided on June 4, 2020. The proposed acquisition
is not expected to have a material impact on Slack's results of
operations or financial condition for the full year ending January
31, 2021.
Forward-Looking
Statements:
This press release contains forward-looking statements relating
to expectations, plans, and prospects including expectations
relating to the benefits that will be derived from this
acquisition. These forward-looking statements are based upon the
current expectations and beliefs of management as of the date of
this release, and are subject to certain risks and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements including, without
limitation, the risk of adverse and unpredictable macro-economic
conditions and risks related to integration of the companies. The
forward-looking statements contained in this press release are also
subject to additional risks, uncertainties, and factors, including
those more fully described in Slack’s filings with the Securities
and Exchange Commission, including its Quarterly Report on Form
10-Q for the quarter ended April 30, 2020. Further information on
potential risks that could affect actual results will be included
in the subsequent periodic and current reports and other filings
that Slack makes with the Securities and Exchange Commission from
time to time. All forward-looking statements in this press release
are based on information available to Slack as of the date hereof,
and Slack disclaims any obligation to update these forward-looking
statements.
About Slack:
Slack has transformed business communication. It’s the leading
channel-based messaging platform, used by millions to align their
teams, unify their systems, and drive their businesses forward.
Only Slack offers a secure, enterprise-grade environment that can
scale with the largest companies in the world. It is a new layer of
the business technology stack where people can work together more
effectively, connect all their other software tools and services,
and find the information they need to do their best work. Slack is
where work happens.
Slack and the Slack logo are trademarks of Slack Technologies,
Inc. or its subsidiaries in the U.S. and/or other countries. Other
names and brands may be claimed as the property of others.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200708005333/en/
Jesse Hulsing Investor Relations ir@slack.com
Karesha McGee Media Relations pr@slack.com
Slack Technologies (NYSE:WORK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Slack Technologies (NYSE:WORK)
Historical Stock Chart
From Apr 2023 to Apr 2024