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Yammer, a provider of private social networking platforms for enterprises, has raised $85M in a...

Feb. 29, 2012 5:13 PM ETJive Software (JIVE-OLD) StockCRM, JIVE-OLDBy: Eric Jhonsa, SA News Editor
Yammer, a provider of private social networking platforms for enterprises, has raised $85M in a new funding round at a valuation that may be as high as $1B. Yammer, which has over 4M corporate users, competes with Jive Software (NASDAQ:JIVE) and Salesforce.com's (NYSE:CRM) Chatter. The startup recently announced its service would integrate information from SAP's ERP software.

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