Exclusive Microsoft News

Microsoft plans to acquire Text Analysis Company Equivio

Share on Facebook
Tweet about this on TwitterShare on Google+Share on StumbleUponShare on LinkedInPin on PinterestShare on Reddit

microsoft logo

Microsoft Corp. has signed a letter of intent to acquire Israeli text analysis company Equivio for $200 million, said a person familiar with the company’s plans.

Equivio has been working with Microsoft technologies, including Windows XP, SQL Server and SharePoint Server, since 2006. Microsoft Chief Executive Officer Satya Nadella wants the Redmond, Washington-based company to focus more on data analysis. Given Microsoft’s work in machine-learning and intra-company document search, Equivio might be a good fit. The overseas location of the text analysis company would fit with Microsoft’s strategy to buy companies located outside the U.S. to use up some of its overseas cash.

Equivio develops text analysis software which organizes sets of documents and emails in meaningful ways for legal and compliance e-discovery tasks. Its main product is Zoom “a court-approved machine learning platform for the legal area.” Equivio’s users include the DoJ, the FTC, KPMG, Deloitte, plus hundreds of law firms and corporations.

Senior Writer

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *