Yammer acquisition by Microsoft is completed

The recently announced Yammer acquisition by Microsoft is officially completed. In june it was revealed that the software giant would buy the business oriented social networking service for $1.2 billion in cash. According to Microsoft the deal is officially closed today and the Yammer team will be part of the Microsoft Office division. Senior director of the Office division Jared Spataro said in a blog post:  

"We couldn’t be more pleased to welcome the Yammer team to the Microsoft Office Division. We’re excited about the road ahead. We look forward to accelerating the adoption of Yammer’s standalone service, and enhancing the social capabilities in Microsoft’s communication and collaboration offerings."

At the time Microsoft decided to buy the company, Yammer had 5 milion users. According to Yammer 85 percent of the Fortune 500 companies use their services.