July 27, 2016 0 Comments
LinkedIn has acquired PointDrive, a Chicago-based startup that lets sales personnel share visual content with prospective clients. PointDrive offers cloud-based tools that enables integration of files, videos, graphics, and other content into a webpage that can be presented to customers during a sales pitch. The acquisition is intended to boost LinkedIn’s Sales Solutions platform. The deal follows LinkedIn’s acquisition of Fliptop, its partnership with Salesforce and the launch of its Social Selling Index. According to sources, Microsoft plans to integrate LinkedIn’s sales products within its own CRM products in order to improve sales cycles through actionable insights.
June 20, 2016 0 Comments
Just after acquiring LinkedIn for $26.2 billion, Microsoft announced that it bought Wand Labs, a startup that uses natural language technology to develop conversational and intelligent messaging apps. The deal is said to be part of Microsoft’s move to strengthen its conversation-as-a-platform strategy. Wand Labs is a great addition to the company’s Bot Framework. The Bot Framework includes the Cortana Intelligence Suite, which allows developers to build intelligent chat bots using natural language, and the Skype Bot Platform, which will enable companies to build bots that can interact with users on Skype. The terms of the deal were not disclosed.
June 15, 2016 0 Comments
In the largest acquisition in its history, Microsoft bought LinkedIn for a massive $26.2 billion. The deal is said to be Satya Nadela’s latest effort to rev up Microsoft’s software offerings and part of his bold ambition to reinvent productivity and business processes. It is said that the deal will combine LinkedIn’s networks with Microsoft’s business software ecosystem. The result will be a comprehensive suite of business solutions that is designed to empower LinkedIn users. According to Gartner Research, the deal will also help Microsoft move into the market for human management solutions, citing its access to LinkedIn’s user-maintained company and employee data.
February 11, 2016 0 Comments
In July of 2015, Microsoft announced it would change the name of its Xbox Music app to Groove Music. The move created a lot of confusion because there was already another music app available on iOS named Groove Smart Music Player made by Montreal-based company Zikera. To exacerbate the confusion, there was also a third company called Groove Networks. The company was acquired by Microsoft in 2005 from its founder Ray Ozzie, the creator of IBM’s Lotus Notes application, and Microsoft later changed the name to Microsoft Sharepoint Workspace. Microsoft finally solved the branding dilemma by acquiring Groove Smart Music Player and its associated domain name from Zikera. Analysts have concluded the deal was all about the name so that Microsoft could avert any legal issues relating to the use of Groove.
You can read about the acquisition here.
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