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September 26, 2017

Slack Raises $250 Million in New Funding, Now Valued at $5.1 Billion

Auto-renew Subscription, Business Operations, Business Services, Business Strategy, Freemium, Industry Announcements, News, Product Development, Revenue and Sales, SaaS and Cloud Services, Subscription Apps, Subscription Business Marketing /

Slack, a workplace collaboration and messaging platform for teams, has completed a $250 million funding round, led by SoftBank Group Corp’s Vision Fund along with Accel and other investors, reports Bloomberg. According to Bloomberg, Slack will use the new funding for ‘operational flexibility,’ though the company still has plenty of the original $591 million raised in the bank. This level of backing makes Slack more attractive to companies considering Slack as a workplace tool.

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Bigger Is Not Always Better

Business Services, Data and IoT, News, Product Development, Subscriber Only /

One key dynamic of the data business is that the strongest businesses serve single, tightly-defined markets, typically a single vertical market. The problem for data publishers attempting to build products with horizontal coverage across multiple markets, or who want to play in large consumer markets, comes down to a very simple reality: its hard to be everything to everybody. Russell Perkins, Subscription Insider Guide to Data Publishing Strategy and Managing Director of InfoCommerce Group, explains.

Bigger Is Not Always Better Read More »

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