Microsoft has confirmed that it has acquired leading enterprise social network provider Yammer for $1.2 billion in cash. There had been dribs and drabs of information that the two companies were speaking about a deal. Microsoft has finally confirmed the news about the acquisition. Yammer’s all setup will join the Microsoft’s office division led by Kurt DelBene. But the team will continue to report to current CEO David Sacks.
Basically, Yammer’s main customer base include motor giant Ford and business services firm Deloitte. Microsoft hopes that the acquisition will extend its range of software products and services.
Microsoft CEO Steve Ballmer 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 will continue its services in the way which the company does currently.