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News Microsoft announces Yammer acquisition


Microsoft Corp. and Yammer Inc. have announced that they have entered into a definitive agreement under which Microsoft will acquire Yammer, a leading provider of enterprise social networks, for $1.2billion. Yammer will join the Microsoft Office Division, led by division President Kurt DelBene, and the team will continue to report to current CEO David Sacks.


“The acquisition of Yammer underscores our commitment to deliver technology that businesses need and people love,” said Steve Ballmer, CEO of Microsoft. “Yammer adds a best-in-class enterprise social networking service to Microsoft’s growing portfolio of complementary cloud services.”


Launched in 2008, Yammer now has more than five million corporate users, including employees at 85%


No company safe after Yahoo breach


Yahoo has been left searching for answers after password details of 450,000 users were exposed by hackers. Hacking group D33D has claimed responsibility for the attack that has left personal details compromised. Chris Papa, Managing Director at Qubic, said: “The latest breach of data at Yahoo shows the


value being placed on data in today’s digital economy and highlights the importance of security, regardless of where your data is stored. The means through which hackers are circumventing the defences of even the largest firms signifies that security has to continue to become much more sophisticated.”


of the Fortune 500. The service allows employees to join a secure, private social network for free and then makes it easy for companies to convert a grassroots movement into companywide strategic initiative.


“When we started Yammer


four years ago, we set out to do something big,” Sacks said. “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.”


The acquisition is subject to customary closing conditions, including regulatory approval.


www.yammer.com Meet Tim


You may have seen a new name (and face!) pop up across a few of our publications recently, and it is that of our brand new Editorial Assistant, Tim Wood.


Tim joins us from the University of Sheffield having recently completed a degree in English Literature. His role at Opus is a varied one, but he will be overseeing a lot of the editorial contributions and is well equipped to offer advice, so make sure you drop him an email to introduce yourself! Tim can be reached on:


tim@opusbusinessmedia.co.uk.


Poor retirement support for older workers


The latest Real Retirement Report from Aviva has found almost two- thirds of employers offer no tailored retirement support to their older workers. Today’s retired over-55s have typically been with their last employer for 16 years (around a third of their working life), and 56% of employers have spent money on providing work place benefits such as pensions, private medical insurance, and annual bonus. However, despite this investment only a third (36%) of employers


06


provide employees with guidance in the run-up to retirement.


Clive Bolton, ‘at retirement’ Director at Aviva, commented: “The end to the default retirement age and growing financial pressures have seen a growing trend towards part- tirement, whereby older people look to cut back on their working hours but are not yet ready to stop working altogether. Employers who do not offer tailored retirement support to explain the options available, such


as part-tirement, could find they are giving up on valuable employees with years of experience and knowledge.”


The most useful types of retirement support according to employees are workshops on retirement finances (35%) and written literature on retirement finances (35%). However, over a quarter (27%) said they would have liked a dedicated member of staff to discuss their retirement issues with.


To see the report in full CLICK HERE


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