Microsoft Corporation buys business networking site Yammer

It has been confirmed that Microsoft has bought office social networking site, Yammer, for $1.2bn (£770.6m). The four year old site has around five million users and operates like Facebook for communication purposes within companies.

Reports had emerged that the two companies were negotiating a deal, with Microsoft confirming their plans on 26th June 2012.
Firms that currently use Yammer include Ford Motor Company and business firm Deloitte.Microsoft hopes this new acquisition will make their line of software products more appealing to its customers.

In 2011, Microsoft acquired communications software company Skype and is currently in the process of incorporating it into their Office software. The MS Office package software contributed 60% of Microsoft’s profits last year.

Yammer plan to continue to offer their services in the same way it currently is. Chief executive David Sacks says:
“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.”

Commonwealth Contractors
At Commonwealth Contractors we partner with OISC Registered Private Immigration Firms and Tier 2 Licensed Healthcare and IT Consultancies who may be prepared, where required, to sponsor an individual on a Tier 2 Visa (formerly UK Work Permit). If you are a highly skilled International professional and you would like to work in the UK Commonwealth Contractors can help. Our OISC Registered Partners specialise in Tier 1 General (formerly Highly Skilled Migrant Programme) visa applications and can assist those highly skilled individuals that either wish to apply or extend a Tier 1 General Visa.
For more Information call Commonwealth Contractors now on 0330 390 9021 or Submit your Details and we will get right back to you. Please see other areas of the Commonwealth Contractors site for interesting articles on tax, immigration and contracting.