Wednesday, April 24th | 19 Nisan 5779

October 8, 2014 12:00 pm

Report: Microsoft to Buy Israeli Software Start-Up for $200 Million

avatar by

Email a copy of "Report: Microsoft to Buy Israeli Software Start-Up for $200 Million" to a friend

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. – 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.

Share this Story: Share On Facebook Share On Twitter Email This Article

Let your voice be heard!

Join the Algemeiner