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June 24, 2020, 11:33 a.m. EDT

Slack announces Connect to enhance business communication

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By Jon Swartz

Slack Technologies Inc. /zigman2/quotes/212180539/composite WORK -0.82% on Wednesday announced a set of technologies, called Slack Connect, that enhances its real-time communications collaboration platform across multiple businesses. A company spokesperson said the ultra-secure system, which has been in the works for four years, represents for Slack, "The future of business connection." The San Francisco-based company is locked in a fierce duel with Microsoft Corp. /zigman2/quotes/207732364/composite MSFT -1.21% and its Teams product for enterprise customers. Slack shares are down 4% in late-morning trading.

/zigman2/quotes/212180539/composite
US : U.S.: NYSE
$ 27.89
-0.23 -0.82%
Volume: 7.11M
Aug. 11, 2020 3:12p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$15.85 billion
Rev. per Employee
N/A
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 205.73
-2.52 -1.21%
Volume: 24.68M
Aug. 11, 2020 3:12p
P/E Ratio
35.83
Dividend Yield
0.99%
Market Cap
$1575.96 billion
Rev. per Employee
$902,473
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