Microsoft Corp. and Yammer Inc. today announced that they have entered into a definitive agreement under which Microsoft will acquire Yammer, a leading provider of enterprise social networks, for $1.2 billion in cash. Yammer will join the Microsoft Office Division, led by division President Kurt DelBene, and the team will continue to report to current CEO David Sacks.
"The acquisition of Yammer underscores our commitment to deliver technology that businesses need and people love," said Steve Ballmer, CEO, Microsoft. "Yammer adds a best-in-class enterprise social networking service to Microsoft's growing portfolio of complementary cloud services."
Launched in 2008, Yammer now has more than 5 million corporate users, including employees at 85 percent of the Fortune 500. The service allows employees to join a secure, private social network for free and then makes it easy for companies to convert a grassroots movement into companywide strategic initiative.
Yammer will continue to develop its standalone service and maintain its commitment to simplicity, innovation and cross-platform experiences. Moving forward, Microsoft plans to accelerate Yammer's adoption alongside complementary offerings from Microsoft SharePoint, Office 365, Microsoft Dynamics and Skype.
"When we started Yammer four years ago, we set out to do something big," Sacks said. "We had a vision for how social networking could change the way we work. Joining Microsoft will accelerate that vision and give us access to the technologies, expertise and resources we'll need to scale and innovate."
The acquisition is subject to customary closing conditions, including regulatory approval.
Latest News Posts
- Digital Storm's 34-inch AIO PC features GTX 1080 and Core i7-6950X
- EVGA's new GeForce GTX 1070 and GTX 1080 cards look amazing
- Intel's 10-core Core i7-6950X desktop CPU costs $1,723
- New ASUS ROG Swift rocks an insane native 240Hz with NVIDIA G-Sync
- GIGABYTE launching mechanical keyboard, gaming mouse and mousepad
- Intel "Broadwell-E" Core i7-6950X 10-Core Extreme Edition CPU Review
- GA-Z170X-GAMING 5 New build option questions
- Patriot Tab 128GB Micro USB 3.0 Flash Drive Review
- Z170 Extreme7+ Correct USB drivers Win10 x64
- Z170 Fatal1ty Gaming K4 & 950 NVMe M.2 SSD question
- Patriot presents UHS-II capable EP PRO-II SDXC and microSDXC
- Patriot announces 2TB Ignite SSD
- Tt eSPORTS unveils the new Level 10 Advanced gaming mouse
- EVGA announces its GeForce GTX 1080 series
- Palit announces the GeForce GTX 1080 GameRock and Super JetStream