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Salesforce gains Slack for higher than $27 billion, marking cloud software vendor’s biggest deal ever



Salesforce is making the greatest procurement in its 21-year history. The organization reported on Tuesday that it’s purchasing talk software developer Slack for over $27 billion.

Through a mix of cash and stock, Salesforce is buying Slack for $26.79 an offer and .0776 portions of Salesforce, as indicated by an assertion. That comes to about $45.86 an offer. Before beginning reports of an arrangement a week ago, which prompted a 38% fly in Slack’s offers, the stock was exchanging at under $30.

The buy marks one of the biggest ever for the product business. The greatest was IBM’s $34 billion acquisition of Red Hat in 2018, trailed by Microsoft’s $27 billion obtaining of LinkedIn in 2016. A year ago, the London Stock Exchange consented to purchase information supplier Refinitiv for $27 billion, however the arrangement presently can’t seem to be cleared by European controllers.

For Salesforce, the Slack arrangement is the most recent in CEO Marc Benioff’s multiyear securing binge. The organization burned through $15.3 billion on information perception organization Tableau in 2019 and, a year sooner, dished out $6.5 billion to secure MuleSoft, whose back-end programming interfaces information put away in divergent spots.

Salesforce said the Slack buy goes to an endeavor estimation of $27.7 billion, which considers shares extraordinary alongside obligation and money. The arrangement esteems Slack at more than 24 times assessed income for one year from now.

Salesforce, which got its beginning by creating cloud-based programming for salespeople, has drastically extended its compass lately and, en route, gotten one of the most significant programming organizations on the planet, passing Oracle, SAP and IBM just as other inheritance tech organizations, for example, Cisco and Intel.

By procuring Slack, a business talk administration with more than 130,000 paid clients, Salesforce is reinforcing its arrangement of big business applications and rounding out its more extensive programming suite as it looks for new zones of development.

Salesforce’s annualized income topped $20 billion in the monetary second quarter, with development of 29%. Yet, the conjecture for the entire year of 21% to 22% development would speak to the organization’s slowest pace of extension since 2010. Slack is extended to develop 39% this financial year, which closes Jan. 31, to $876.3 million, as indicated by investigators studied by Refinitiv.

On the organization’s profit call Tuesday, Benioff said that Salesforce trusted it could assist Slack with arriving at the following basic phase of income development.

“As you know, they’re basically entering from the $1 billion to $2 billion phase, which I know extremely well, and this is a moment where we can offer a lot of value. We’ve been there. We’ve lived that life.”

The obtaining will additionally increase Salesforce’s contention with Microsoft, whose Teams visit and video administration has arisen as Slack’s stiffest rival.

“This deal will be a major shot across the bow at Microsoft,” composed Dan Ives, an investigator at Wedbush, in a report on Monday. Ives, who suggests purchasing Salesforce shares, said Teams “has been a clear hurdle to growth” for Slack and that the market will currently be “a two horse race between Microsoft and Salesforce.”

The organizations are doing combating in various different regions. Salesforce is the prevailing part in client relationship the board programming, where Microsoft is a far off challenger. The two organizations attempted to purchase LinkedIn, the expert systems administration site, however Microsoft was a definitive champ.

With a year ago’s acquisition of Tableau, Salesforce bounced into the information perception market, taking on Microsoft’s Power BI. The organizations likewise clash in efficiency programming, however Microsoft’s Office suite controls the market alongside Google. Salesforce obtained Quip in 2016 yet hasn’t got a lot of energy against Microsoft and Google.

The Slack turn

Slack has been one of Silicon Valley’s unbelievable stories over the previous decade, organizing perhaps the most stunning turn the business has ever observed.

The organization was initially established in 2009 as an internet gaming organization call Tiny Speck. It was made by Stewart Butterfield, popular in the tech world for beginning photograph sharing site Flickr and offering it to Yahoo. Andreessen Horowitz, Accel Partners and Social Capital were among Tiny Speck’s initial supporters.

Small Speck’s down, Glitch, was a disappointment. Be that as it may, throughout the span of chipping away at it, Butterfield’s group fabricated an item to assist them with speaking with each other and to share records. They shut down Glitch and zeroed in on talk, freeing it up to clients in mid 2014. By October of that year, Slack had 30,000 groups joined, including at Salesforce, and pulled in subsidizing from Google’s endeavor arm at a valuation north of $1 billion.

Slack’s yearly income beat $100 million by mid 2017 and came to $400 million two years after the fact. The offers appeared on the New York Stock Exchange in June 2019, through an immediate posting. The stock, which opened at $38.50, has been on an exciting ride since, exchanging close $17 in March of this current year, prior to moving back near $40 in June and afterward dropping back beneath $25 in mid-November.

A large part of the volatility can be attributed to Microsoft.

“We have been surprised by the limited success Slack has seen from the pandemic and the rise of remote work,” wrote Rishi Jaluria, an analyst at D.A. Davidson, in a report last week. “Microsoft Teams has been able to capitalize on the opportunity presented by the pandemic better than Slack, in our view, and this rapid growth in adoption has hurt Slack.”


AI-Powered Business Automation is Launched by UiPath and Microsoft



Millions of Microsoft 365 users could benefit from AI-powered automation thanks to a new integration that UiPath has announced with Microsoft Copilot. In light of data stored in Microsoft 365 Graph, the release highlights joint clients’ capacity to leverage specialised AI models to automate operations within Microsoft Copilot and Teams.

By giving users the ability to automate business activities inside of Teams, this collaboration aims to increase productivity. Workers can use pre-built automations to perform repetitive activities by using the new UiPath plugin for Copilot. One of these responsibilities is to use AI models in the Microsoft 365 ecosystem for specialized activities like understanding documents.

According to UiPath’s Chief Product Officer, Graham Sheldon, “Our partnership with Microsoft incorporates UiPath automations, allowing millions of Microsoft users to potentially increase the automation capabilities of Microsoft Copilot by gaining access to GenAI and specialized AI models from UiPath.” Our goal with our end-to-end automation technology is to expedite human accomplishment.”

Among the initial ecosystem partners of Copilot for Microsoft Teams and Microsoft 365 is UiPath. Through Copilot for Microsoft 365 and Teams, the connection gives users immediate access to UiPath’s enterprise-grade automation features. The goal of this action is to employ automation and artificial intelligence to revolutionize digital workspaces and promote improved user experiences.

By using Microsoft 365 Graph as a knowledge base in conjunction with UiPath’s automation and document comprehension models, the alliance will allow users to automate end-to-end business processes. Tasks like managing email correspondence inside Teams and processing loan requests are examples of tasks that may now be carried out using basic commands.

According to Srini Raghavan, Vice President of Product, Microsoft Teams Ecosystem, “UiPath users can find and execute UiPath automations straight from Copilot for Microsoft 365 thanks to the integration between the UiPath Business Automation Platform and Microsoft Copilot.” These kinds of solutions, which use Microsoft Copilot to increase worker productivity and creativity, are essential to ushering in a new era of work.”

A pre-built automation library supports the integration’s goal of giving users the ability to automate routine and industry-specific processes. Incorporating AI into workplace productivity tools is a larger strategy that this program fits within. It addresses problems like worker burnout, which 58% of employees think can be reduced by automation driven by AI.

At booth FP46, UiPath demonstrated its Intelligent Document Processing and other platform features, and the announcement was made during the Microsoft Build 2024 conference. Those who attended the conference had the chance to observe directly how UiPath’s products can be incorporated into the Microsoft ecosystem to improve user experiences and increase productivity.

It is also mentioned that UiPath, which incorporates UiPath Automation Cloud, prefers Microsoft Azure as a cloud platform. The two organizations’ goal to creatively blend automation and artificial intelligence to satisfy the expanding needs of contemporary digital workplaces is demonstrated by this alliance.

It is anticipated that the integration of UiPath and Microsoft Copilot will redefine business automation, revolutionizing the way businesses use technology to improve productivity and create a more streamlined, team-oriented work environment.

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2024 Robotics AI Startup Challenge is Announced by ABB Robotics



To expedite the development of artificial intelligence systems in robotics, ABB Robotics announced Monday that it is launching a global competition. Submissions for systems and ideas in three categories are welcome for the 2024 Robotics AI Startup Challenge: autonomous decision-making, skill acquisition, and natural language programming.

According to the Zurich-based corporation, the goal of its most recent challenge is to encourage creativity and cooperation between it and forward-thinking startups across the globe.

“Innovation has been at the heart of ABB since the foundation of our robotics business 50 years ago, and we recognize the immense potential of startups and scaleups in driving technological advancement,” stated Marc Segura, president of ABB Robotics. “The ABB Robotics AI Startup Challenge is an opportunity for us to partner with the most creative and forward-thinking minds in the field, as we work together to shape the future of robotics and automation.”

Following a prior ABB challenge, Sevensense was acquired in January. The Swiss business created 3D vision navigation technology for autonomous mobile robots (AMRs) with the help of AI. Based on the acquisition of ASTI Mobile Robotics in 2021, ABB stated that it intends to completely incorporate Sevensense’s technology into its AMR portfolio.

ABB stated that it is using artificial intelligence (AI) to build the next generation of robots, which would be more efficient, intuitive, adaptive, and user-friendly. This will enable the business to change industries in order to increase end users’ resilience and make work more fulfilling for workers.

ABB Invites Applications for its Robotics AI Startup Challenge

In addition to working directly with ABB’s experts, participants in the 2024 Robotics AI Startup Challenge will have access to cutting-edge robotics technologies and the company’s extensive global network of partners and customers. The winner team will receive a $30,000 cash award and the opportunity to work with ABB to explore collaborative go-to-market plans and investment prospects in a long-term collaboration.

Application for the challenge is now available. Startups with robots and AI experience are invited to submit proposals by June 12, 2024. The challenge website has further details about the contest.

According to ABB, the competition is a component of their larger Innovation Ecosystem, which is “motivated by cooperation and the revolutionary possibilities of new technologies.” According to the company, it has developed programs to find, assist, and grow promising new businesses in various sectors.

The objective of ABB is to “create a more sustainable and productive future,” and it believes that such partnerships with forward-thinking companies will aid in the introduction of new systems to the market. Over 11,000 workers from over 53 countries work for ABB Robotics & Discrete Automation. The company’s modular industrial robot arms earned it the 2024 RBR Robotics Innovation Award.

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Onvego Unveils Smart AI Receptionist for Businesses



Dialogue voice With its Smart Receptionist, artificial intelligence disruptor Onvego is poised to completely transform the commercial telephony market. Every business phone conversation is now worth more thanks to this AI breakthrough.

With small and medium-sized enterprises in mind, Smart Receptionist was created as an inexpensive AI-based phone handling and appointment management solution. After learning from partners about the challenges their clients have in receiving incoming calls, Onvego’s experts created a smooth platform for taking business calls.

The solution goes above and beyond conventional automated attendants. It was created in partnership with, Onvego’s design partner. The AI-driven Smart Receptionist can arrange and reschedule appointments, filter spam, and redirect calls. It also addresses a lot of commonly asked questions, which eliminates the need for a dedicated individual to reply to inquiries about the services provided by an SMB.

Gonen Ziv, Chief Revenue Officer at Onvego, stated, “The Smart Receptionist will always answer when opportunity calls.” It’s quick and simple to set up. With the Smart Receptionist, businesses can go live in roughly five minutes.

Industrial Difficulties

Due to a lack of funding, personnel costs, time constraints, and training, businesses have struggled for far too long to effectively manage their communication channels on several fronts.

Research constantly indicates that daily, up to 50% of calls made by consumers to businesses go unanswered. With studies from Invoka and other sources showing that leads from inbound phone calls have a 10-15 times higher conversion rate than leads from other sources, it is evident that small business owners may benefit from phone traffic.

The Best Friend for Your Business

Modern, proprietary intellectual property (IP) is utilized by Onvego’s Smart Receptionist to provide natural language understanding (NLU) and automated speech recognition (ASR). It integrates text-to-speech (TTS), natural language processing (NLP), and large language model (LLM) technologies without making any of their complexity known to users or callers.

With any cloud telephony or enterprise VoIP solution, its conversational speech AI seamlessly connects. It eliminates spam around-the-clock, takes calls, makes appointments, and answers phones. Callers can communicate naturally and be understood with 99%+ accuracy in speech understanding. Today’s user-friendly technology transforms company telephony from a call-missing liability to a call-making asset.

As part of the growth of Smart Receptionist, Onvego has also unveiled its brand-new, fully customisable FAQ module, driven by AI. Any company that gets incoming phone calls can use it. It takes minutes to set the functionality. It functions well with current IVRs and doesn’t require any integration.

To quickly respond to frequently asked caller queries, businesses can create a knowledge base. Even in cases where a live person is unable to answer, the caller and the company benefit from the combined capabilities, which maximizes the value of each call.

By providing a self-service site that is user-friendly and customized to meet the demands of business customers, Onvego provides telephone service providers with a new source of income for the Smart Receptionist.

“At Onvego, we put a lot of effort into making sure our devices are simple to use and quick to set up.” “The high-touch, costly existing telephony channel is brought into the modern era by the Smart Receptionist,” Mr. Ziv continued.

The industry has already recognized the introduction of the Smart Receptionist as a major advancement. “ and our customers will benefit greatly from the Onvego Smart Receptionist,” stated CEO Ari Rabban. “Without the expense and complexity usually associated with such revolutionary technology, it will allow us to bring the advantages of AI to even the smallest of businesses.”

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