The service called ‘Facebook at Work’ will allow employees to have work-friendly chats, connect with business partners, document collaboration and increase storage facilities.
The new website will look like Facebook with news feeds, but offer work and personal pages, according to 'zdnet.com' which quoted a report in the Financial Times.
The enterprise-friendly website will the see the social networking site compete directly with Google, Microsoft and LinkedIn, the report said.
A work friendly version could convince enterprises to unblock the social networking website, it said.
However, it is not known when the professional version will launch.