23/Aug/2014 - Last News Update: 10:04

Microsoft buys office networking site Yammer

Category: Business

Published: 25th Jun 2012 20:31:59

Microsoft has confirmed it has bought the office social network site Yammer for $1.2bn.

The business, which is four years old and has five million users, operates like Facebook for communication within companies.

There had been reports the two were talking about a deal but Microsoft only confirmed the plan on Monday.

Yammer is used by firms including the motor giant Ford and the business services firm Deloitte.

Microsoft hopes the acquisition will make its range of software products more appealing.

Last year it bought the communications business Skype and is integrating it into its products, including its Office software which contributed 60% of its profits last year.

Yammer plans to continue to offer its service in the way it does currently.

Yammer's chief executive David Sacks said: "When we started Yammer four years ago, we set out to do something big.

"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."

Source:
BBC News External Link Show Citation

Latest News

Harvard Citation

BBC News, 2012. Microsoft buys office networking site Yammer [Online] (Updated 25th Jun 2012)
Available at: http://www.ukwirednews.com/news/1436838/Microsoft-buys-office-networking-site-Yammer [Accessed 23rd Aug 2014]

News In Other Categories

  • Marouane Fellaini and Ander Herrera face injury scans

    Manchester United midfielders Marouane Fellaini and Ander Herrera are to have scans on injuries suffered in training.
  • Foyle Pride parade to take place in Londonderry

    Thousands of people are expected to take part in the 2014 Foyle Pride parade in Londonderry on Saturday.
  • The Doctor Who fan who created the show's new titles

    When a Doctor Who fan created his own unofficial title sequence for the show and put it on YouTube, the producers saw it and liked it so much that they decided to use it for the new series, which begins on BBC One on Saturday.
  • BT warns it will increase phone bills by 6.5%

    BT has warned millions of customers it is increasing its prices by up to 6.5% from December this year.
  • Bristol Academy extends reach overseas with first foreign students

    With the doors to its brand new £1million training centre officially open, one of the UK's leading apprentice training providers, Bristol based S&B Automotive Academy, is showcasing its world-class facilities by launching a series of foreign student exchanges for the first time in its 41-year history. To get a flavour of what life is like as an apprentice in the UK, the Academy hosted 16 apprentice engineers and bus drivers from the G9 Automotive College in Hamburg, Germany, as part of a Europe-wide vocational training initiative called the ‘Leonardo Programme’ with support from the European Social Fund. In a reciprocal arrangement, S&B will be sending nine apprentices to Germany during February 2012 so that they can get an appreciation of life in the automotive industry on the Continent. A further three German exchange groups are being planned for next year. Designed to assist the development of vocational skills and training across Europe, including work placements for trainees, the Leonardo Programme has a budget of €1.75bn, which is helping to encourage UK organisations to work with their counterparts abroad. In what is expected to be another challenging year for employers in the UK automotive sector, S&B’s Chief Executive, Jon Winter, claims that the exchange initiative will bring many benefits to the Academy and its apprentices: “In a world of global automotive brands, it’s important for our learners to understand the international context of the industry they have chosen to make their career. This new exchange programme will enable apprentices and Academy staff alike to achieve a better understanding of the challenges and opportunities within the automotive arena in Europe. With the Academy’s influence also extending to the USA and Asia, there’s every possibility that this initiative could move further afield in the future.” Continued Winter: “The need for skilled technicians across the world is on the increase and we actively encourage our apprentices to look at broader horizons during their training. Many of them have already learned the phrase ‘Vorsprung durch Gelehrtheit’, quite simply, ‘Advancement through learning.” In the 2010/11 academic year, S&B doubled the number of successful Apprenticeships over the previous year with some 350 apprentices graduating from the Academy. At the same time, achievement levels reached an all-time high with an overall success rate of 85%. For those learners on the Advanced Apprenticeship three-year programme, success rates were even higher, at over 98%. PHOTO CAPTION: As part of their exchange visit, S&B Automotive Academy arranged for the German apprentices to visit Hampshire bus operator, Bluestar, at its Barton Park depot. The students are pictured with S&B’s Andy West (3rd right) and Steve Prewett, Bluestar’s Area Engineering Manager (2nd right). Ends http://www.sandbaa.com
  • Flood-damaged coastal path reopens in Flintshire

    Flood-damaged stretches of the Wales Coastal Path in Flintshire are re-opening after eight months of work.