Business-software company Yammer Inc. agreed to sell itself to Microsoft Corp. for more than $1 billion, according a person familiar with the matter, in a sign Microsoft may be trying to plug holes in its ubiquitous Office software.
It is unclear when the Yammer acquisition will be completed and announced, according to the person familiar with the deal.
I had heard of Yammer, but never tried it out. This looks like an interesting acquisition for the enterprise market. A turnkey social Intranet service like this could be attractive if offered by Microsoft. Under the Yammer moniker I don't think as many companies would try it out.
Msg#: 4465552 posted 4:57 am on Jun 15, 2012 (gmt 0)
The former owner of Yammer contemplates accepting an offer to become a dragon on the hit TV show Dragon's Den.
Ok, so that hasn't happen, yet (I don't think). But considering I've never heard of Yammer the price tag does seem to be extraordinary. Building a site/brand from scratch now requires such a monumental and concerted effort that maybe the price is just right, time will tell. I'm surprised because MSN chat was already more well known.
Microsoft Corp. and Yammer Inc. today announced that they have entered into a definitive agreement under which Microsoft will acquire Yammer, a leading provider of enterprise social networks, for $1.2 billion in cash. 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 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.”