Microsoft to Buy Yammer for $1.2 Billion

Yammer is often called Facebook Inc. for the workplace because it creates private social networks inside companies. Yammer—launched in 2008—also has file-sharing tools and other software.

According to several reports, Microsoft will be buying Yammer for $1.2 Billion.

There are a number of hospitals currently using Yammer to power its own corporate social network so that physicians, hospital administrators, and other clinicians can communicate on a unified platform.