Microsoft Acquires Yammer for $1.2 billion
It's official! The rumored acquisition of microblogging site Yammer has been confirmed by Microsoft and with a price tag of $1.2 Billion. Known as the business version of Twitter allowing company to setup and manage different groups allowing company to use Yammer as a communication tool between members and even between groups or other company.
Yammer started as a communication tool of Geni; a genealogy web site but the tool was later spun-off into the company that we know today.
Yammer currently has more than 5 million users and only 20% of those users pay and use the premium version of the service. Premium version of Yammer cost $5 per user per month and provides administrative controls, security tools, analytics, SharePoint integration, a dedicated Customer Success Manager and group customization.
It's still unclear how Microsoft intends to use or develop the service but Microsoft said that Yammer team will join the Microsoft Office division, it's safe to say that Microsoft may integrate Yammer with online version of their productivity suite together with Sharepoint.
You can read Microsoft official announcement here.