Tag Archives: Microsoft

Microsoft and Qualcomm invest in Team8

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Microsoft started the new year with a bang by further ramping up its investment in cybersecurity, a fast-growing industry which is expected to reach a market size of $170 billion by 2020. This week, the tech giant, along with Qualcomm, have invested an undisclosed amount in Team8, a two-year old cybersecurity firm based in Israel. Team8 was founded by Nadav Zafrir, Liran Grimberg and Israel Grimberg, top veterans of the prestigious Unit 8200, Israel Defense Force’s technology and intelligence agency. Unlike typical cybersecurity companies, Team8 is a think tank that develops highly specialised startups that tackle the biggest problems in cybersecurity today. The investment in Team8 underscores Microsoft’s commitment to cybersecurity as well as validates Israel’s growing influence in the sector.

LinkedIn acquires PointDrive

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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.

Microsoft acquires Wand Labs

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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.

Microsoft acquires LinkedIn

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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.