Closeup of a stone sign bearing the Microsoft logo in gold letters at an entrance to Microsoft's Redmond campus in Washington state. Photo: Wiki Commons.

JNS.org – Microsoft has signed a letter of intent to buy the Israeli software start-up Equivio for around $200 million, The Wall Street Journal reported on Tuesday.

Equivio develops text-analysis software, which organizes groups of related documents and emails based on sets of rules meant to mimic human intuition. The software’s machine-learning algorithm continually adjusts itself to improve its results.

Microsoft and Equivio have yet to release an official statement on the report.