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United States : YAMMER co-founder selected as COO by Zenefits.

Zenefits, Human resources software startup has selected David Sacks, the co-founder of Yammer, as the its first chief operating officer and director.

Sacks was earlier CEO of business messaging service Yammer, which Microsoft purchased for USD 1.2 Billion in 2012, and before that COO of PayPal. Zenefits creates software for managing payroll, taxes, benefits and other HR tasks, and sources valued the company at USD 500 million in its newest funding round in July.

Sacks in addition stated that he would be investing the largest amount he's ever put into any startup.

He said, "Zenefits is the fastest-growing business software company Silicon Valley has ever seen , adding that "Zenefits has done in one year what it took Yammer three years to do in terms of growth."

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Publication:Mena Report
Date:Dec 12, 2014
Words:139
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