Comprehensive software reviews to make better IT decisions
Slack’s Stock Value Hits All-Time Low
On November 8, 2019 Slack’s stock value hit an all-time low, falling 25% below the stock’s reference price of $24 on its New York Stock Exchange debut. The news follows a 50% drop in Slack’s stock value from its initial trading peak of $42 on its first day of listing.
Microsoft’s continued push to unseat Slack with its Teams offering is cited as a major reason for Slack’s slowing growth.
“The Slack solution is impressive and represents a strong growth opportunity,” Wedbush analyst Dan Ives writes. “However, we believe penetrating this next phase of enterprises will be incrementally more difficult as the Microsoft/Teams value proposition presents a major competitive hurdle going forward in sales cycles.”
Source: SoftwareReviews Slack Scorecard. Accessed November 11, 2019
Is Slack destined to peter out as Microsoft Teams becomes enterprises’ communication tool of choice? Maybe not immediately – Slack’s key selling point against Teams is its broad integration capabilities. Indeed, Slack spent 39% of its revenue on research and development and now boasts 1,800 apps and more than 600,000 third-party developers registered on its platform. These integrations keep users on Slack, given data retrieval, colleague coordination, and task management all occur in one unified space.
Moreover, though Slack’s stock value is trading in the low $20s, this price may be more palatable to investors over a longer trading term. Building a foundation that is not based on a bubble of hype is a more secure grounding for future trading prospects.
That is, if there are future trading prospects. For though Slack integrates more broadly than Teams, Teams has recently announced partnerships to enhance interoperability with two collaboration market heavyweights: Zoom and Cisco’s Webex Teams. Given Teams now has more users than Slack and given Teams’ future interoperability with Zoom and Webex Teams, this could be a sign that Slack is slowly being pushed to the wayside of the collaboration marketplace.
Source: SoftwareReviews Microsoft Teams Scorecard. Accessed November 11, 2019
Want to Know More?
Google has announced several updates to its G-Suite offering, which aims to heavily integrate and better secure its teamwork applications. The move represents a clear attempt by Google to directly compete with Microsoft’s office productivity suite, with several of the G-Suite updates mirroring the logical architecture of Office 365.
As of July 1, 2020, over 70,000 small business users receiving their Microsoft 365 services from Navisite will now receive them from Intermedia. The move means that Navisite’s users now have access to a range of Intermedia offerings, including Unite, Contact Center, and AnyMeeting.
Thinking about choosing a new software vendor but don't know where to start? Narrow down your shortlist by focusing on software that has received an Info-Tech Research Group award. New data from SoftwareReviews shows that organizations reported higher satisfaction when they switched to software that had received an Info-Tech award.
COVID-19 has not only initiated emergency remote work – it has also forced organizations to gaze into the looming economic abyss because of the pandemic lockdowns. In this climate, organizations should look in-house to see what communication and collaboration tools can be leveraged to optimize remote work. This note explores how organizations with Office 365 licenses can leverage Microsoft Teams as their collaboration hub.
Adoption is one of the biggest challenges that organizations deal with when implementing commercial project management tools. Amid a global pandemic, this challenge has only been exasperated with many working from home.
The impact of COVID-19, as it became a global pandemic in Q1 of 2020, has affected user sentiment toward software during a growing period of fear, uncertainty, and doubt. To analyze the impact, SoftwareReviews compared Satisfaction (willingness to recommend to a peer), ability to deliver Business Value (fair cost to value), and Likeliness to Renew prior to March 10 and post March 10.
GitHub has announced that, effective April 14, 2020, all of its core features will be free for everyone. This will include private development within organizations that have previously paid for some subscription plans.
As the world responds to the spread of the novel coronavirus COVID-19, closed schools in some affected areas are turning to eLearning and web conferencing to maintain continuity in course delivery and/or studying.
Google’s G-Suite Surpasses 2 Billion Active Monthly Users