Shalom Life | October 12, 2015

Microsoft to Buy Israeli Startup for $200 Million

The tech powerhouse is looking to buy the text analysis company Equivio

By: Daniel Koren

Published: October 8th, 2014 in Business » Israel

Israel has no shortage of startups.

Every day, we learn of another new innovative company out of the Startup Nation that looks to make our lives easier, from cyber security companies to 3D technology companies, from NFC technology companies to companies that create app-developing platforms.

On Tuesday, as revealed by the Wall Street Journal, international tech powerhouse Microsoft acknowledged the strength of one of these startups, signing a letter of intent to purchase Israel's Equivio Ltd.

Equivio is a startup based out of Rosh Haayin (east of Petah Tikvah), known for its innovation in the field of text, specifically, analyzing text to gather relevant content from a massive amount of documents (including emails, word documents, social networks, etc.).

Equivio's innovative learning algorithms are used to locate such text. This technology could be substantial for Microsoft, as it can sort text based on relevancy, which greatly increases organizational management.

According to the Wall Street Journal, Microsoft is looking to purchase the company, founded by Israelis Amir Milo, Yiftach Ravid and Warwick Sharp, for as much as $200 million

Currently, the US Department of Justice, the Federal Trade Commission, Dutch auditor company KPMG, and a major UK auditing company, Deloitte, all use Equivio's software.

The software is also employed by various law firms and legal departments, as it simplifies locating relevant information from literally thousands of legal documents.

Neither Equivio nor Microsoft have confirmed the acquisition, yet.

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