Yammer Buys OneDrum To Add Collaborative Microsoft Office Editing To Enterprise Social Network

Flush with $85 million in new funding, Yammer is spending some of its newly minted cash today with the acquisition of OneDrum, a Scotland-based startup that allows you to co-author, file share and interact with Microsoft Office documents in real-time. Financial terms of the acquisition were not disclosed, but Yammer founder and CEO David Sacks jokingly said in an interview today it was less than Instagram's $1 billion acquisition by Facebook earlier this week. All of OneDrum?s employees will join Yammer, with CEO Jasper Westaway leading the integration of the two products. OneDrum, which has raised $1 million in funding from Amadeus Capital Partners, UK Technology Strategy Board and Scottish Enterprise; adds secure, synchronized file sharing and collaboration (version management, multi-author document creation and editing, and communication and co-ordination tools) to existing Microsoft Office applications.

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