Microsoft
continues its acquisition spree with the addition of a new productivity
startup called LiveLoop. The five-person San Francisco-based company
which has been acquired for an undisclosed amount, shares users’
PowerPoint presentations on the Internet without compelling them to
download or use any other software unlike GoToMeeting and WebEx.
LiveLoop
has posted the notice (seen below) on their website, informing masses
that its service will discontinue from April 24. The company did not
provide any further information as to why this move has been taken. It
also informs that the company will be deleting all presentations and
user data after the given date.
According
to a report by ZDnet, a Microsoft spokesperson confirmed that the
company has bought LiveLoop and stated that, “Microsoft is excited to
welcome the talented team from LiveLoop to help build great
collaboration across Office applications, as part of our strategy and
vision to reinvent productivity.” LiveLoop is financially backed by
venture capital firms New Enterprise Associates and Columbus Nova
Technology Partners.
The
deal is part of a line of productivity app acquisitions by the company.
Microsoft had also acquired Sunrise Calendar app in a deal valued at
$100 million early this year. Sunrise applications will continue to be
available for free, according to Pierre Valade, chief executive of the
two-year-old company.
In
December, Microsoft also acquired the mobile email management
application Acompli, in a deal reported to be worth more than $200
million. The deal gives Microsoft a startup helping people more easily
manage their mail on handsets using Google Android or Apple iOS
operating systems.
Posted by : Gizmeon
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