Official: Microsoft buys Yammer for $1.2 billion to boost cloud services

On June 14th, rumors were circulating that Microsoft was poised to buy Yammer, a social-network and messaging service for enterprise, for at least $1 billion dollars. Speculation cooled down a bit as Microsoft intended to focus on the Surface and Windows Phone eight announcements only a new week is upon us and and so the bargain is at present official.

Microsoft has now purchased Yammer (world wide web.yammer.com) for a massive $1.2 billion in cash and information technology volition be folded into the Microsoft Office Division, led by division President Kurt DelBene. The squad volition continue to report to current CEO David Sacks to maintain continuity, at least for the near time to come.

A statement from Microsoft on the acquisition states

"The acquisition of Yammer underscores our delivery 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 is merely four years old but has nearly 5 meg users including employees at 85 percent of the Fortune 500, making it an interesting and strategic buy. So why the acquisition even though Microsoft has Lync and Sharepoint already? Mary Jo Foley (ZDNet) ruminates that Microsoft "...needed a libation brand and wanted the cross-platform support" which sounds virtually right to u.s.a..

Hither's to hopefully seeing Yammer built into Windows Phone viii.

Full press release after the break...

Microsoft to Larn Yammer
June 25, 2022
Microsoft extends deject services with all-time-in-class enterprise social networking.

REDMOND, Launder., and SAN FRANCISCO — June 25, 2022 — Microsoft Corp. and Yammer Inc. today appear that they have entered into a definitive understanding under which Microsoft will learn Yammer, a leading provider of enterprise social networks, for $one.2 billion in greenbacks. Yammer will join the Microsoft Office Partitioning, led by segmentation President Kurt DelBene, and the team will continue to study to electric current CEO David Sacks.

"The acquisition of Yammer underscores our commitment to deliver technology that businesses demand and people love," said Steve Ballmer, CEO, Microsoft. "Yammer adds a all-time-in-class enterprise social networking service to Microsoft'southward growing portfolio of complementary deject services."

Launched in 2008, Yammer now has more than 5 million corporate users, including employees at 85 per centum of the Fortune 500. The service allows employees to join a secure, private social network for free and and then makes it easy for companies to convert a grassroots movement into companywide strategic initiative.

Yammer will continue to develop its standalone service and maintain its commitment to simplicity, innovation and cross-platform experiences. Moving forward, Microsoft plans to accelerate Yammer's adoption aslope complementary offerings from Microsoft SharePoint, Office 365, Microsoft Dynamics and Skype.

"When we started Yammer four years ago, we set out to do something large," Sacks said. "We had a vision for how social networking could modify the way we work. Joining Microsoft will accelerate that vision and requite us access to the technologies, expertise and resources we'll demand to calibration and innovate."

The acquisition is field of study to customary closing conditions, including regulatory approval.

Most Yammer

Yammer (www.yammer.com) is a leading provider of enterprise social networks with over 5 one thousand thousand verified corporate users including employees of more than 85 percent of the Fortune 500. The basic version of Yammer is gratuitous, and customers can pay to upgrade their network to receive advanced administrative and security controls, integrations with enterprise applications, priority client service and a designated customer success manager.

About Microsoft

Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at https://www.windowscentral.com/east?link=https%3A%2F%2Fclick.linksynergy.com%2Fdeeplink%3Fid%3DkXQk6%252AivFEQ%26mid%3D24542%26u1%3DUUwpUdUnU11683%26murl%3Dhttp%253A%252F%252Fwww.microsoft.com%252Fnews.&token=-stg9eew Web links, telephone numbers and titles were correct at time of publication, simply may accept changed. For boosted aid, journalists and analysts may contact Microsoft'south Rapid Response Team or other appropriate contacts listed at https://www.windowscentral.com/east?link=https%3A%2F%2Fclick.linksynergy.com%2Fdeeplink%3Fid%3DkXQk6%252AivFEQ%26mid%3D24542%26u1%3DUUwpUdUnU11683%26murl%3Dhttp%253A%252F%252Fwww.microsoft.com%252Fnews%252Fcontactpr.mspx.&token=fX-upNAS

Forward-Looking Statements

This press release contains frontward-looking statements, which are any predictions, projections or other statements about future events. Bodily results may differ materially from these forward-looking statements because of a variety of risks and uncertainties well-nigh our business, which we depict in our filings with the Securities and Exchange Commission, including our Forms ten-One thousand and 10-Q. We do not undertake whatsoever duty to update whatever forward-looking statement.

It'south here

The AT&T version of Surface Duo is now getting Android 11

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Source: https://www.windowscentral.com/official-microsoft-buys-yammer-12-billion-boost-cloud-services

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