Microsoft buys Yammer for $1.2bn

Tech giant Microsoft has bought enterprise social network service Yammer for $1.2bn.

Yammer, known as the Facebook of the enterprise, is a secure social network that sits inside corporate firewalls. It is free to set up and offers a premium, paid-for service too.

Microsoft CEO Steve Bullmer said: “The acquisition of Yammer underscores our commitment to deliver technology that businesses need and people love.

“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 has more than 5 million corporate users, including employees at 85 percent of the Fortune 500.

Read the Microsoft press release.

 

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