Slack Technologies, Inc., (NYSE: WORK) today is excited to announce that we have acquired Rimeto. Rimeto has reimagined the business directory over the last four years, much in the same way we have reimagined business communication. Rimeto’s advanced profile and directory features will be integrated into Slack directly, but we will also continue to offer Rimeto as a standalone product and support their existing enterprise customers.
Rimeto is a powerful cultural tool that can help strengthen employee ties to each other and to their work. If there’s one thing we’ve heard over and over from our customers and employees alike during the pandemic, it’s that people are struggling to stay connected. We all want to understand the people we work with and have context around their lives. Employees with weak social ties to their colleagues aren’t as happy or productive as employees at companies with a thriving, healthy culture. But the typical enterprise directory certainly doesn’t help; it’s about as valuable today as a phone book and usually less informative.
Rimeto offers an enterprise wide, searchable directory, automatically integrating information from across your company to deliver rich profiles of every employee, their skills, experience, and current projects. It’s a natural fit with Slack. Channels make it easy to find the information you need and understand what your team is working on. Now we’re going to make it just as easy to find the people you need and understand the humans you’re working with.
The traditional enterprise directory includes pretty limited information, usually what you’d find on a business card, and search is limited the same way. How do you find somebody running a project if you don’t know their name or title? You can’t. But Rimeto lets you search across every attribute – whether you’re looking for a project leader or everyone who worked with a specific customer, an expert on sales cycles in a particular region, or just want to understand the new member of your team a little better, it’s all there and it’s all searchable.
We’re excited to welcome the Rimeto team. For more details, see Rimeto’s post here.
Quotes:
“We’ve been on a mission to help everyone easily find and understand their colleagues – and all of the groups, teams, and projects within their organization,” said Rimeto founder Ted Zagat. “Joining Slack is a special opportunity to accelerate the impact and reach of the product we’ve spent years building. We couldn’t be more excited to help make Slack an even better platform for bringing human connection and collaboration to life.”
“At Expedia Group, we use both Slack and Rimeto to give our employees a better way to work together by making it easier to collaborate, access and share information,” said Chris Burgess, Vice President of Global IT at Expedia Group. “I’m excited to see these two companies come together given how we’ve seen both platforms deliver significant value across our organization.”
“A challenge with remote working is how to feel more connected to your colleagues,” said Wayne Kurtzman, Research Director, Social and Collaboration at IDC. “The Rimeto acquisition can result in enhanced creativity, problem-solving and collaboration in Slack by enabling a more effective connection between people.”
Additional Information:
Financial terms of the acquisition were not disclosed. Slack is not updating its guidance for the full year ending January 31, 2021, which it provided on June 4, 2020. The proposed acquisition is not expected to have a material impact on Slack’s results of operations or financial condition for the full year ending January 31, 2021.
Forward-Looking Statements:
This press release contains forward-looking statements relating to expectations, plans, and prospects including expectations relating to the benefits that will be derived from this acquisition. These forward-looking statements are based upon the current expectations and beliefs of management as of the date of this release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements including, without limitation, the risk of adverse and unpredictable macro-economic conditions and risks related to integration of the companies. The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in Slack’s filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the quarter ended April 30, 2020. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that Slack makes with the Securities and Exchange Commission from time to time. All forward-looking statements in this press release are based on information available to Slack as of the date hereof, and Slack disclaims any obligation to update these forward-looking statements.
