Yammer Raises $85 Million In Funding
Social ERM (employee relationship management) software provider Yammer have raised another $85 Million from investors. This comes after a round of $17 million and shows that the company is planning to continue it’s aggressive growth and platform improvement strategy.
The money will specifically be used to hire more sales and engineering staff members and also improve advertising. It wouldn’t be a stretch to see Yammer using the money to acquire other, smaller start-ups in the space as well.
After tripling sales growth in 2011 the company has acquired a net total of 4 million users of their social networking service.
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