Microsoft buys Yammer for $1.2 billion

Microsoft and co Yammer announced the conclusion of a definitive agreement under which Microsoft will purchase Yammer. The transaction amount is $ 1.2 billion payment will be made in cash.
After completion of the transaction Yammer will be the unit of Microsoft Office Division, headed by Kurt DelBene (Kurt DelBene), but the team itself will still be accountable to the existing chief executive officer David Sachs (David Sacks). To complete the transaction it is necessary to obtain regulatory approval.

 

The company Yammer was founded in 2008. It offers a service-oriented business area of social networks. It is currently serving over 5 million corporate users, including employees of companies that make up 85% of the Fortune 500. Service allows users to join a private secure social network for free. However, the provision of additional services provided on the basis of some fee.

After completing the transaction Yammer will continue to develop its service. At the same time, Microsoft intends to strengthen the capacity of the service through closer integration with their own products, Microsoft SharePoint, Office 365, Microsoft Dynamics and Skype. In addition, technologies of Yammer will be useful of the company Microsoft and will help to improve their own cloud services.