Microsoft to purchase VoloMetrix
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VoloMetrix is a very young company that has been founded back in 2011, raising more than $15 million in two founding rounds. The company's software as a service product extracts and analyzes anonymous data from online platforms and apps, making it a useful addition to Microsoft products like Office 365 and Delve.
The two companies announced yesterday on their blogs that the Redmond giant has agreed to acquire VoloMetrix. Financial terms of the deal have not been disclosed, as usual.
"We believe joining forces with Microsoft will be a huge win for our customers as we provide even better solutions going forward," writes VoloMetrix CEO and co-founder Ryan Fuller.
According to Microsoft's Rajesh Jha, "This acquisition will combine VoloMetrix’ experience, technology and track record of success with Office 365 and our previously announced Delve Organizational Analytics."
Things will move quick from now on, as Microsoft expects to launch the early preview program for Delve Organizational Analytics "within the next month" and the initial release of the integrated Office 365 service by the end of 2015.
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