Slack Technologies, LLC is an American software company and enterprise messaging platform headquartered in San Francisco, California. Founded in 2009 by Stewart Butterfield, Eric Costello, Cal Henderson, and Serguei Mourachov as gaming startup Tiny Speck, the team created Slack from an internal chat utility before launching publicly in 2014. Acquired by Salesforce in 2021 for $27.7 billion, Slack generates over $1.8 billion in annualized recurring revenue (ARR), powering communication and AI-driven productivity for more than 35 million daily active users across 200,000+ paid business customers under CEO Denise Dresser.
Slack operates a high-margin freemium software-as-a-service (SaaS) subscription business model characterized by software gross margins above 85% and exceptional net revenue retention across enterprise accounts. Its commercial monetization engine spans four primary tiers: First, the Pro tier ($7.25-$8.75/user/month), unlocking unlimited message history, unlimited app integrations, and group Slack Huddles for small and mid-sized businesses. Second, the Business+ tier ($12.50-$15.00/user/month), delivering SAML-based single sign-on (SSO), 99.99% guaranteed uptime SLAs, and compliance data exports for scaling companies. Third, the Enterprise Grid tier (custom contracts from $25 to $40+/user/month), enabling multi-workspace management, custom data residency, HIPAA/FINRA compliance, and Enterprise Key Management (EKM) for Fortune 500 corporations. Fourth, premium add-on licensing, including Slack AI ($10/user/month add-on for generative conversation summaries, search answers, and channel recaps).