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
- Target 'American Sniper' in our Blu-ray giveaway
- AMD Radeon R9 390X spotted without HBM, in an 8GB GDDR5 version
- Rockstar Games sues BBC over telemovie about being sued
- Silk Road's Ross Ulbricht asks judge for leniency, some freedom
- Google updates Chromecast app for Android and iOS
- Team Group Vulcan DDR4-3000 16GB Quad-Channel Memory Kit Review
- YUMI USB Stick doesnt´t boot correctly on H81M-HDS
- Asrock X99 Extreme4 activating VT-d not recognized in windows 8.1
- PC-Q26 and BP2SATA...
- GA-Z77X-UP5 TH Bluetooth not working
- Sharkoon Announces External USB 3.1 Hard Drive Case
- Razer Introduces the Firefly Gaming Mousepad with Customizable Lighting FX
- MSI First Motherboard Brand to be Windows 10 Certified
- EK Releases New Supremacy EVO X99 LGA2011v3 Water Block
- Tech Source Releases Condor 4000 3U VPX Graphics Card for GPGPU Applications