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Microsoft buys Yammer for $1.2 Billion. It is Official.

Jun 26 2012, 1:56am CDT | by , in News | Technology News

Microsoft buys Yammer for $1.2 Billion. It is Official

The Yammer acquisition by Microsoft has been already rumored a while ago. Now Microsoft made the deal official.

As rumored Microsoft pays $1.2 billion for Yammer. 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 infographic provides background and data about Yammer and SharePoint today, and the opportunities that collaboration and enterprise social networking have to help people work more effectively in today's workplace.

“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.”

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