Yammer, the Facebook/Twitter for companies, has been coming into its own, even as big competitors like Salesforce try to compete with rival enterprise social networking products. Having generated somewhere between $5 million and $10 million in revenues over 2010, Yammer more than doubled that in 2011, reaching towards $25 million according to sources close to the company. Now, it's working on a big new funding round, we're hearing -- in the $40 million range if not more.
Thursday, January 5, 2012
After A Breakout 2011, Yammer Works On A Big New Funding Round
Yammer, the Facebook/Twitter for companies, has been coming into its own, even as big competitors like Salesforce try to compete with rival enterprise social networking products. Having generated somewhere between $5 million and $10 million in revenues over 2010, Yammer more than doubled that in 2011, reaching towards $25 million according to sources close to the company. Now, it's working on a big new funding round, we're hearing -- in the $40 million range if not more.
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