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