Microsoft expands reasoning solutions with best-in-class business public media.
Microsoft Corp. and Yammer Inc. today declared that they have joined into a specified contract under which Microsoft will acquire Yammer, a major provider of business public social networking sites, for $1.2 billion in cash. Yammer will be a part of the Microsoft Workplace Department, led by division Chief executive Kurt DelBene, and the team will keep review to current CEO Mark Products.
Microsoft and Yammer: Best in Category Enterprise Social Networking
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"The getting Yammer emphasizes our investment to provide technology that businesses need and people like," said Bob Ballmer, CEO, Microsoft. "Yammer contributes a best-in-class business public media assistance to Windows growing collection of contrasting reasoning solutions."
Launched in 2008, Yammer now has more than 5 million business users, such as workers at 85 percent of the Lot of money 500. The assistance allows workers to be a part of a secure, private online community for free and then allows for companies to turn a grassroots activity into companywide ideal effort.
Yammer will keep create its separate assistance and maintain its investment to convenience, advancement and cross-platform encounters. Advancing, Microsoft plans to improve Yammer's adopting together with contrasting promotions from Microsoft SharePoint, Workplace 365, Microsoft Characteristics and Skype.
"When we started Yammer four years ago, we set out to do something big," Products said. "We had a perspective for how public media could change the way we work. Becoming a member of Microsoft will improve that perspective and give us access to the technological innovation, skills and resources we'll need to range and innovate."
The purchase is subject to routine ending conditions, such as regulating acceptance.
About Yammer
Yammer (www.yammer.com) is a leading provider of enterprise social networks with over 5 million verified corporate users including employees of more than 85 percent of the Fortune 500. The basic version of Yammer is free, and customers can pay to upgrade their network to receive advanced administrative and security controls, integrations with enterprise applications, priority customer service and a designated customer success manager.About Microsoft
Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
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