Who owns Yammer?
Yammer is an enterprise social networking service that is part of the Microsoft 365 family of products. It is used mainly for private communication within organizations but is also used for networks spanning various organizations. Who owns Yammer? Yammer was co-founded in 2008 by Mr. Sacks, a former PayPal executive who spun the business out…
Yammer is an enterprise social networking service that is part of the Microsoft 365 family of products. It is used mainly for private communication within organizations but is also used for networks spanning various organizations.
Who owns Yammer?
Yammer was co-founded in 2008 by Mr. Sacks, a former PayPal executive who spun the business out of Geni, a genealogy and social networking site. Over the last four years, the service has grown at a rapid clip, as more companies turn to the Web for secure solutions to enhance interoffice communication and collaboration. Yammer, which offers both free and subscription services, has more than five million users and is used by more than 85 percent of Fortune 500 companies.
It has raised a total of $142 million in venture capital, recently adding $85 million in late February, in a financing round led by Draper Fisher Jurvetson. The company’s roster of investors and board members is stacked with former Facebook executives and members of the so-called PayPal mafia. Founders Fund, the venture firm led by a PayPal co-founder, Peter Thiel, and Social+Capital, a firm partially backed by Facebook, are both major backers.
The service began as an internal communication system for the genealogy website Geni.com, and was launched as an independent product in 2008. Microsoft later acquired Yammer in 2012 for US$1.2 billion. Currently Yammer is included in all enterprise plans of Microsoft 365.
