Microsoft Said To Acquire Equivio Data Analysis Company
There's still an off chance that other bidders may swoop in and snag Equivio from Microsoft's grasps, but it would take a seriously large offer to sway the accounts in Redmond. While largely unknown to consumers in North America, Equivio produces software "that uses machine learning to analyze legal documents and corporate information for use by law firms, corporations and government agencies." It has even managed to list the United States Justice Department as one of its primary clients, proving that these folks are more than just a fly-by-night startup.
Microsoft's new CEO, Satya Nadella, does indeed seem interested in focusing on Microsoft's enterprise plays, and being an expert in analyzing data would go a long way to cementing that legacy. Per usual, we expect to hear the official word in a matter of weeks, but it's unclear at this point what Microsoft will do right away to take advantage of its newly-acquired intelligence.