Tech Times:Microsoft buys text analysis start-up Equivio
Written and compiled by Kareem LaTouche and Stephanie Lyew
SEATTLE, Washington:Microsoft seems to like something about Israeli data-analysis start-ups.
The company announced last Tuesday that it has acquired text-analysis firm Equivio, a few months after buying cloud security machine-learning startup Aorato.
Equivio's algorithms sift through documents and emails to group related documents and identify which ones might trigger a company's confidentiality provisions or other legal labels. With email and computers facilitating an explosion in the amount of documents companies and governments produce, sorting through those can quickly turn into a task that requires many hours of work by humans.
The Rosh HaAyin-based company, which on its website also lists an office in Rockville, Maryland, says its clients include the United States Justice Department and auditing and consulting giants KPMG and Deloitte.
The companies didn't disclose the terms of the deal, but The Wall Street Journal reported in October that Microsoft had signed a letter of intent to buy Equivio for about $200 million.