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Microsoft to Acquire Yammer for $1.2 billion in Cash

Discussion in 'News' started by btarunr, Jun 25, 2012.

  1. btarunr

    btarunr Editor & Senior Moderator Staff Member

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    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.
     
  2. TheMailMan78

    TheMailMan78 Big Member

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    (Dr. Evil voice)

    One BILLION DOLLARS.
     
  3. Completely Bonkers New Member

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    Nice. Zero to $1 billion in 4 years. In the same time, I think I have achieved diddlyshit.
     
    El_Mayo says thanks.
  4. Kreij

    Kreij Senior Monkey Moderator Staff Member

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    I doubt they started with zero. It takes a fair amount of starting capital to launch a large social site. That being said, I have no idea why MS thought it was worth $1.2B
     
  5. El_Mayo

    El_Mayo

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    It's worth $1.2B and I've never heard of it?
    that's odd...
     
  6. NC37

    NC37

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    Yeah...what the heck is yammer?
     
  7. remixedcat

    remixedcat

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    They are a private social site.... Like Twitter for enterprise. privately hosted and ran and meant as sort of an intranet.
     
  8. Prima.Vera

    Prima.Vera

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    Twitter and Facebook for business enterprise usage bs...1 billion. I LOLed.
     

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