Wall Street Journal Forecasts Microsoft Purchase of Equivio
October 23, 2014
The article titled Microsoft to Buy Israel Text-Analysis Vendor Equivio: Report on ZDNet covers the potential purchase reported recently by the Wall Street Journal. According to the article, Equivio’s main draw for Microsoft is the product Zoom, a legal tool for document organization. The article states,
“Equivio has been working with Microsoft technologies, including Windows XP, SQL Server and SharePoint Server, since 2006, if not earlier. The company develops text-analytics products for legal and compliance e-discovery tasks. Its main product is Zoom “a court-approved machine learning platform for the legal area”. Zoom organizes collections of documents in meaningful ways, while quantifying and visualizing the decision space. So you can zoom out for the big picture. Or zoom in to find just what you need.”
The price of the purchase is reported at $200 million dollars. This may sound steep, but makes sense when some of the users of Zoom include The U.S. Department of Justice and the Federal Trade Commission. Microsoft has been in the habit of buying up text-processing technology, and has overseas cash to spend on companies outside of the U.S. (only a month ago Microsoft spent 2.5 billion on Mojang, the Stockholm-based Minecraft creator.) Microsoft had no comment on the deal, but the Wall Street Journal has been right before.
Chelsea Kerwin, October 23, 2014
Sponsored by ArnoldIT.com, developer of Augmentext
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