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Report: Yammer Being Acquired By Microsoft

socalTECH

Yammer , the business focused micromessaging service which started as an offspring of Los Angeles-based family tree and genealogy site Geni , is reportedly in the last legs of a deal to be acquired by Microsoft for more than $1 billion. According to Bloomberg and other sources, the deal is expected to be announced as early as Friday.

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Geni, Yammer Both Raise Funding

socalTECH

West Hollywood-based Geni, and instant messaging spinout Yammer have both raised $5M in funding from the firms' existing backers, Charles River Ventures and the Founders Fund, according to regulatory filings and reports. Geni and Yammer have both been fundraising since the middle of last year. READ MORE>>.

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Yammer Gets Top Prize At Tech Conference

socalTECH

Yammer, a Twitter-like spinout out of high profile Los Angeles genealogy firm Geni.com, has scored the top prize at the TechCrunch50 awards in San Francisco. Yammer offers instant messaging focused on internal corporate communications, and is the result of work by engineers at Geni. Geni is the online, Web 2.0-style READ MORE>>

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Interview with David Sacks, Geni and Yammer

socalTECH

Our interview this morning is with David Sacks, CEO of Geni.com, an online family tree and social networking site, as well as Yammer, the instant messaging startup spun out of Geni.com at TechCrunch50. We also think there's a bit opportunity in family gift giving, and we've also partnered with a number of sites to enable that.

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Social Networking and Business Value

SoCal CTO

Just a quick note that I'll be moderating a Technology Council Event : Social Networking as a Business Strategy May 19, 2009 - Culver City Social networking media are used on a daily basis to grow businesses and expand career opportunities. This Panel will explore issues such as: How can companies best utilize social networking media?

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Geni Hit By Downtime

socalTECH

Los Angeles-based Geni , the online family tree and genealogy web site started by David Sacks, was hit by unexpected downtime Tuesday and today, the firm told its users Wednesday afternoon. No reason for the downtime was given, however, the downtime at Geni paralleled a similar, more widely reported downtime issues at sister firm Yammer.

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Lindzon Backs Discoverly

socalTECH

Howard Lindzon , the San Diego angel investors who also heads up stock micro-messaging site StockTwits , has invested in another private company-- Discoverly.

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