Microsoft Looking To Buy Text Analysis Startup Equivio Microsoft Looking To Buy Text Analysis Startup Equivio

What was originally labeled as a simple rumor, turned out to be true when Microsoft signed of letter of intent, making its plan to buy the Israeli text analysis company Equivio clear. The deal could be worth somewhere around $200 million, but at the moment there is no official confirmation on the matter.

Founded by Warwick Sharp, Amir Milo and Yiftach Ravid, Equivio is a company that focuses on text analysis products for electronic discovery and legal tasks. Basically the Israeli based business uses machine learning algorithms to create applications which can gather and bundle together relevant texts from a very large amount of documents. Besides a preexisting collaboration with Microsoft, Equivio also has other high profile clients such as the US Department of Justice or the Federal Trade Commission.

In terms of how will this transaction benefit Microsoft, one can assume that the intra-company document search and legal compliance services could really benefit from the collaboration. Furthermore, the IT giant has been looking to acquire companies located outside the US in order to spend some of its external cash, so the Rosh Ha’Ayin based company seems to fit the bill perfectly.

So far, both Microsoft as well as Equivio have refused to make any official comments on the matter. However, according to sources close to the deal, the transaction may be concluded within just a few weeks unless other bidders step in.

Source: The Wall Street Journal.

Author's other posts

How to make your Mac kid-friendly?
Article
How to make your Mac kid-friendly?
A few tips on how to ensure your kids' safety while they're using Macs as well as on how to keep the machine safe from your children.
Samsung's next Galaxy phone is already up for reservations
News
Samsung's next Galaxy phone is already up for reservations
Even though Samsung hasn't announced the price of the upcoming Galaxy phone or its technical specifications, we can already make reservations and be among the first to receive it.
Find out which Android phones will be able to run Fortnite
News
Find out which Android phones will be able to run Fortnite
Curious to see if you'll be able to play the Android version of Fortnite on your phone? Here's the complete list of supported devices.
Mac security tricks
Article
Mac security tricks
If you don't have a lot of experience in using your Mac, here are a few tips that could keep your machine safe from various threats.