Why Slack Stock Jumped Today
Shares of Slack (NYSE: WORK) have jumped today, up by 8% as of 1 p.m. EDT, after the company announced that it had acquired Rimeto. The start-up offers an advanced business directory tool that will complement Slack's enterprise messaging platform.
Slack plans to integrate Rimeto's profile and directory features directly into the platform while continuing to offer Rimeto as a stand-alone product for its existing enterprise customers. Rimeto was founded approximately four years ago to reinvent the enterprise directory. Profiles in Rimeto include far more information than traditional corporate directories that historically only include basic information such as names, titles, and contact information.
Image source: Slack.
Source Fool.com
