Connect with us

Hi, what are you looking for?

Jewish Business News

Business

WSJ: Microsoft to acquire Equivio for $200 million

“The Wall Street Journal” reports that Microsoft has signed a letter of intent to buy the Israeli text analysis company.

Microsoft

Microsoft Corp. (Nasdaq: MSFT) has signed a letter of intent to acquire Israeli text analysis company Equivio for $200 million, a person familiar with the matter has told “The Wall Street Journal.”

The deal has not yet been finalized. Both Equivio and Microsoft declined to comment when contacted by “The Wall Street Journal.”

Equivio develops text analysis software that can group together relevant texts from large amounts of documents, including emails and other organizational social and collaboration networks, using machine learning algorithms. The algorithms generalize samples of texts marked as relevant to the issue at hand to apply the sorting logic to groups of texts, such as legal documentation.

The technology is already in use by organizations providing litigation support services to law firms and corporate legal departments trying to extract relevant data, such as legal contracts, from massive amounts of documents.

Founded by CEO Amir Milo, VP Engineering Yiftach Ravid and VP Marketing and Business Development Warwick Sharp, Equivio is based in Rosh Ha’ayin, northeast of Tel Aviv.

Equivio’s clients include the US Department of Justice, the Federal Trade Commission, KPMG and Deloitte.

Published by Globes [online], Israel business news – www.globes-online.com

Click to comment

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement