Slack Partners With Amazon in a Bid to Gain on Microsoft Teams

In conjunction with its first-quarter financial results, business communication platform Slack (NYSE: WORK) this week announced a partnership with Amazon.com (NASDAQ: AMZN). As part of the multiyear deal, Amazon Web Services (AWS) will adopt Slack's channel-based messaging solution for its employees. In addition, Slack will migrate all its voice and video calling from its Slack Calls feature -- which enables phone calls to other team members from with Slack's platform -- to Amazon Chime. 

The partnership will put both companies in a better position against their common rival. The deal will put Slack on a better footing as it competes with Microsoft's (NASDAQ: MSFT) Teams business collaboration tool, while AWS goes head to head with Azure, its cloud computing platform.

Left to right: Slack CTO Cal Henderson, CFO Allen Shim, and CEO Stewart Butterfield in front of the New York Stock Exchange. Image source: Slack.

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Source Fool.com