Microsoft buy Yammer, a leading provider of enterprise social networks, for $1.2 billion in cash.
"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."
Launched in 2008, Yammer now has more than 5 million corporate users, including employees at 85 percent of the Fortune 500. Yammer provides a free service for employees to join a private social network that's intuitive and easy to use. It also enables IT departments to easily transition an employee driven initiative into a managed, social-networking solution.
If you're a Yammer user today, you'll continue to get the same experience you're used to. "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. It will continue to develop its standalone service and maintain its commitment to simplicity, innovation and cross-platform experiences," Microsoft posted.
Moving forward, Microsoft plans to accelerate Yammer's adoption alongside complementary offerings from Microsoft SharePoint, Office 365, Microsoft Dynamics and Skype.
Below is a infographic that provides background and data about Yammer and SharePoint today, and the opportunities that collaboration and enterprise social networking have to help people work more effectively in today's workplace.