Microsoft to buy Intentional Software
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Microsoft continues its long stream of corporate acquisitions with Intentional Software, a company founded back in 2002 by Charles Simonyi. Simonyi worked at Microsoft in the past, where he oversaw the creation of a few products that are now flagship apps in the office sector of the market, such as Word or Excel.
According to the blog post published earlier today by Rajesh Jha, "This acquisition will build on the work we’re already doing to deliver the tools necessary to be productive in an information-rich world. Intentional Software’s technology and talent will enhance our existing capabilities and strengthen our ability to add new tools and services to Microsoft’s robust productivity offering."
As it usually happens when such agreements are signed, the financial terms of the deal have not been disclosed. Since this acquisition is subject to regulatory approval, we expect it to be finalized by the end of the year. We will get back to it once that happens, so stay tuned.