Slack, owned by Salesforce, has decided to increase price of the workplace messaging app as the company seeks to invest more in research and development.
The increase in price of the enterprise messaging platform will be effective from Sept. 1, the company said in a blog. The price hike will affect only users on Slack’s Pro subscription.
Slack said the price of monthly Pro subscriptions will increase to $8.75 from $8 and annual Pro subscriptions will increase to $7.25 per month from $6.67.
Slack had over 169,000 paid customers (+39 percent) with 1,285 paid customers (+33 percent) with greater than $100,000 in annual recurring revenue and 113 paid customers (+45 percent) with greater than $1 million in annual recurring revenue. Slack does not reveal the number of its Pro subscriptions.
Slack, which allows individuals to create on-the-fly group conversations, said it will also update its free subscription plan to make it easier for users to try new features, including clips, which allow anyone to send audio and video and screen-share messages in direct messages and channel.
Slack, a common online workplace messaging tool used by many companies, said its revenue rose 36 percent to $273.4 million during the first quarter of 2022. Slack had invested more than $103 million in research and development in Q1 2022.