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Microsoft officially confirmed: Yammer acquisition in $1.2 billion

 

Redmond based Microsoft has officially confirmed the acquisition of Yammer and acquisition costed Microsoft $1.2 billion in cash. The announcement came through a press release. Microsoft office division is the department which Yammer will join. Microsoft office division is headed by division president Kurt DelBene and team of Yammer will continue to report the current CEO David Sacks.

Steve Ballmer CEO Microsoft said “The acquisition of Yammer underscores our commitment to deliver technology that businesses need and people love,”. He added “Yammer adds a best-in-class enterprise social networking service to Microsoft’s growing portfolio of complementary cloud services.”

Yammer was launched in 2008 and since then it has grown to five million corporate users which include’s 85% of the employee of Fortune 500. When news emerged on tech blogs that Microsoft is buying Yammer one week back free user’s of yammer shown the concerned that Yammer will remain free or not. Till now they can be relaxed as no announcement regarding free service.

Yammer is allowed to develop their standalone services. Microsoft plan is to accelerate Yammer adoption alongside complementary offerings Microsoft share-point, office 365, Skype an d Microsoft Dynamics.

Yammer CEO David Sacks has said “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. He added “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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