O’Melveny Represents oneDrum in its Acquisition by Yammer Inc.April 12, 2012
FOR IMMEDIATE RELEASE
O’Melveny & Myers LLP
O’Melveny & Myers LLP
SILICON VALLEY -- APRIL 12, 2012 -- O’Melveny & Myers LLP represented UK-based file-sharing software company oneDrum in its acquisition by Yammer, Inc., A leading provider of Enterprise Social Networks. The financial terms of the deal were not disclosed.
The O’Melveny team was led by Silicon Valley-based partners Brian Covotta Warren Lazarow and London-based counsel Matthew Harrison and partner Jan Birtwell.
About O’Melveny & Myers LLP
With approximately 800 lawyers in 15 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com.
The following press release was recently issued by Yammer:
Yammer Acquires oneDrum to Make Content Social
Brings Desktop Sync and Real-Time Collaboration for Microsoft Office Suite to Yammer
SAN FRANCISCO, CA, Apr 11, 2012 (MARKETWIRE via COMTEX) -- Yammer, Inc., the leading provider of Enterprise Social Networks, today announced it has acquired oneDrum, a UK-based software company that offers file sharing and collaboration solutions for businesses. With the acquisition, Yammer will gain powerful desktop sync capabilities, enabling file folders to be shared across multiple users' desktops. oneDrum also brings collaborative functionality to Microsoft Office applications, allowing multiple authors to work together on Word, Excel and PowerPoint documents in real time.
"Employees spend a huge amount of time working with files, especially in Microsoft Office," said David Sacks, Yammer CEO. "Through oneDrum, Yammer will incorporate all of that content into the enterprise social graph, making it discoverable and collaborative. Our mission is to create a social layer across the enterprise, bringing together people, content, and conversations across all business applications."
Making Content Social Today's enterprise content management (ECM) systems are built on document-centric architectures designed for file storage and are inefficient for collaboration. As a result, users typically resort to email for file sharing, which presents significant challenges for version control and information discovery.
Yammer is taking social discovery to a powerful new level by making content that exists on the desktop instantly shareable, without requiring additional actions from the user. The acquisition of oneDrum will help Yammer users get work done faster, smarter and with greater transparency by bringing content to the place where employees from across the organization come together -- the Enterprise Social Network.
Key features include:
-- Sync: Users will be able to access Yammer files through a folder on
their desktop. Inside this folder, users will see subfolders for each
Yammer group that they are a member of. Thus, every Yammer group
becomes a shared folder for the team.
-- Shared folders automatically appear when a user joins a new group;
they disappear instantly when the user leaves (or is removed from)
-- Users can drag and drop files into the shared folder to upload
them to Yammer; this also syncs them automatically to team
-- Users can open files from the Yammer desktop folder and work on
them in their native applications. When new versions are saved,
they are automatically synced directly to Yammer and to coworkers'
-- Files can be worked on offline, and then synced as soon as the
user returns online.
-- Discover: Each Yammer file lives at a unique URL (or permalink) where
it can be viewed in the browser, followed, shared and discussed.
Following a file will notify the user of changes. Users can also view
a revision history.
-- As soon as a file is dragged into the Yammer desktop folder, it
automatically receives its own permalink.
-- The files immediately become full-text searchable on Yammer.
-- They can be accessed on mobile devices and then easily shared or
emailed from there.
-- Opening or saving new versions will generate an activity story in
the Ticker, a scrolling real-time activity feed in Yammer, driving
a new level of content virality.
-- Co-Create: Employees can work collaboratively inside a Word,
PowerPoint or Excel file added to the Yammer desktop folder.
-- When multiple co-workers open any Microsoft Office file that lives
in a shared folder, it automatically becomes co-editable by those
-- Character-by-character changes appear as colleagues make edits to
the file, while color-coded cursors identify different users
collaborating in the document.
-- Edits appear in real time when working online, while offline edits
synchronize effortlessly when connectivity is re-established.
Security and Control Yammer offers robust security and admin controls for content, including:
-- Data in motion will be encrypted using 256-bit SSL/TLS and data at
rest will be encrypted using 256-bit AES.
-- Viewing permissions are based on group access, so when a user is
removed from a group or network, access to files is revoked
-- Admins can mark content as read-only, restricting who can edit a file.
-- A version history tracks all changes to a document and allows a
previous version to be reverted.
Yammer will begin introducing oneDrum functionality by Summer 2012 as a desktop client download, with no plug-ins to Microsoft Office required.
The financial terms of the deal were not disclosed. All of oneDrum's employees will join Yammer, with CEO Jasper Westaway leading the integration of the two products.
Additional Comments "Yammer was built to be social from the ground up, so it's natural for it to be the platform for maximizing content value. I'm proud that we'll become part of the pioneer and leader in enterprise social networking to make our vision a reality." -- Jasper Westaway, founder and CEO, oneDrum
"... the technologies many enterprises look to for online collaboration (email and documents) are based on objects considered personal property of their creators, making collaboration using these mechanisms difficult and reuse of this information next to impossible." -- Gartner, The Post 2.0 Era: Social in the Context of My Work, Dec. 2011.
"It should be incumbent upon to the social network and content management vendors to provide services wherever the document is being used, rather than forcing people to collaborate around a storage location." -- Gartner, The Post 2.0 Era: Social in the Context of My Work, Dec. 2011
Resources Watch the demo video: http://vimeo.com/40128698
Come to Yammer on Tour San Francisco on Tuesday, April 24 to learn more about Yammer and oneDrum. Register here: https://www.yammer.com/tour/sf.html
About oneDrum oneDrum is a software-development company that is creating a unique collaboration engine that at present includes an intuitive peer-to-peer desktop application that brings Google Docs functionality and more to Microsoft Office applications. oneDrum is a simple yet highly effective tool that boosts workplace productivity by enabling seamless social collaboration on documents between colleagues. Allowing users to work in their native Microsoft Office application environment, oneDrum takes the compromise out of collaboration and is the only application that lets users have shared documents on-hand, and up-to-date, at every moment.
About Yammer, Inc. Yammer ( www.yammer.com ) is the leading provider of Enterprise Social Networks, enabling organizations to make transformative changes quickly by empowering employees to collaborate across departments, geographies, content and business applications. The basic version of Yammer is free, and customers can pay to upgrade their network to receive additional administrative and security controls, priority customer service and a dedicated customer success manager. Companies and organizations from across the globe, including more than 85 percent of the Fortune 500, are using our award-winning Software-as-a-Service (SaaS) solution to improve employee productivity and engagement. Visit our blog to see how our customers are benefiting from Yammer.