Here are 8 companies analysts said Salesforce could look to acquire next, listed from smallest to largest valuations or market caps: Private-company valuations listed are according to the most recent data from PitchBook. When asked for comment, a Salesforce spokesperson pointed to executives' comments during its earnings call in March.
It could also look at smaller companies that help integrate Slack more quickly. Salesforce could also look to expand its industry-specific tools or acquire software that would expand its overall platform. Salesforce's M&A plans could include collaboration companies as it looks to build on the Slack deal and compete with Microsoft, analysts said. "Salesforce is a fundamentally inquisitive company, and generally they've done well with their acquisitions." "They've talked about not wanting to do big deals, but I think there will be big deals down the line," Rishi Jaluria, an RBC analyst, told Insider. While that might rule out enormous deals like the Slack buy, analysts say Salesforce may consider smaller acquisitions this year as it focuses on its growth. "Marc and I could not be more pleased with how the Slack integration is going, and that remains our top priority as a management team."
That's part of the reason Salesforce doesn't have plans for "material M&A in the near term," co-CEO Bret Taylor said in the company's most recent earnings call in March. It was the company's largest acquisition and its third big deal in three years, after MuleSoft in 2018 and Tableau in 2019. Salesforce closed its massive $27.7 billion deal to buy Slack last year and has been focused on integrating the workplace chat tool with its platform ever since. Here are eight companies analysts think Salesforce could look to acquire next.While it may not be looking for another big deal, M&A is core to its growth strategy, analysts say.Salesforce is focused on integrating Slack, its largest acquisition to date.
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