Microsoft buys Equivio
According to a post published yesterday on The Official Microsoft Blog by Rajesh Jha, Outlook and Office 365 Corporate Vice President, Microsoft has completed another purchase. This new target is Equivio, the company behind Zoom. This court-approved Web platform is built to handle record retention compliance and data remediation and is currently used by the US Department of Justice, Big Four auditors Deloitte and KPMG, as well as many others.
"We are making this acquisition to help our customers tackle the legal and compliance challenges inherent in managing large quantities of email and documents," reads the blog post mentioned above. Equivio's official website displays the news about the purchase on the front page - "our machine-learning technology has transformed the business process of e-discovery. By joining Microsoft, we will now have the opportunity to help many more customers layer these technologies into their standard operational and business practices."
Microsoft recently announced a partnership with Dropbox, as well as the purchase of Acompli, both these moves aiming to improve their flagship product, Office 365. While Office 365 already offers eDiscovery and information governance features already, Equivio's acquisition will make them "even more intelligent and easy to use in the months ahead." Now remains to see who's next on Microsoft's purchase list.