Microsoft to acquire Yammer for $1.2 billion
pMicrosoft has announced it has entered into a definitive agreement with Yammer to acquire the enterprise social networking service for $1.2 billion. Yammer will join Microsoft’s Office division, where it will continue as a stand-alone product but will eventually be incorporated into other Microsoft Office products like SharePoint, Office 365, Dynamics, Skype and other cloud services.
Yammer was launched in 2008 and has over 5 million users spread in over 150 countries and serves more than 200,000 enterprises. “We are adding more than 250,000 users every month,” David Sacks, Yammer’s CEO said during a conference call to announce the deal. Yammer will be an organization within Microsoft’s Office division and will continue to be based in San Fransisco after the acquisition.