Reported by: Nicholas Mihailov
The software giant on Monday announced the purchase of the social network site for $1.2bn.
With over five million users, Yammer is used by some 80,000 companies worldwide.
Founded in 2008 by David Sacks, the former chief operating officer at PayPal, Yammer unlike Facebook and Twitter is designed for company collaboration, file sharing, knowledge exchange and team efficiency.
A user can access Yammer from anywhere with an internet connection. One can create, discuss and share content with coworkers without sending a single mail.
Additionally, it also allows for storage of large files, to make private dialog, to subscribe to feeds, create groups and polls, and search for coworkers in the member directory.
“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.”
In a statement, Microsoft said it plans to accelerate Yammer’s adoption alongside complementary offerings from Microsoft SharePoint, Office 365, Microsoft Dynamics and Skype.
“When we started Yammer four years ago, we set out to do something big,” Sacks said.
“We had a vision for how social networking could change the way we work. Joining Microsoft will accelerate that vision and give us access to the technologies, expertise and resources we’ll need to scale and innovate.”