Slack grabs IBM as biggest client; set to manage 350 000 accounts

Slack grabs IBM as biggest client; set to manage 350 000 accounts

- IBM has announced a handover of the details of its 350,000 employees to instant messaging platform, Slack

- The deal makes IBM Slack's biggest client till date and pushed the company's share price by 21%

- Reports, however show that some IBM staff have been using Slack since 2014 followed by a partnership between the companies 2 years later

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American technology company, IBM, has announced its intent to hand over the accounts of its employees to cloud-based proprietary instant messaging platform, Slack.

The deal soon led to an increase of 21% in Slack’s share price, aside making IBM Slack’s biggest client.

Per a report by Business Insider, IBM is set to deploy the messaging tool to all of its 350,000 employees across the globe.

Slack grabs IBM as biggest client; set to manage 350,000 accounts of employees

Source: Business Insider
Source: UGC understands that this comes as the best trading session since Slack’s first day as a public company on June 20, 2019.

Reports, however, indicate that some IBM employees have been using Slack since 2014 and the partnership between the two brands began two years later.

This changed in late 2019 when IBM decided to go “all in”, thereby becoming the platform’s largest customer.

The new development comes as a huge win for Slack whose stock fell about 11% in November 2019.

It also follows an announcement of Microsoft’s rival messaging service, Teams, which had 20 million daily active users by then.

At the time, that was 8 million more daily active users than Slack, which had reported in October 2020, that 12 million people were on the platform every day.

In other news, a reporter with American media company, Bloomberg, has ranked Ghana’s economy as one to watch in the near future.

Bloomberg’s reporter, Noah Smith, argued that the country has performed creditably on development metrics and simply needs to break free of dependence on commodities.

The report added that there are key indicators that show a country is becoming a pacesetter.

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