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IATI - Israel Advanced Technology Industries
IATI - Israel Advanced Technology Industries
IATI News & Events Daily Industry News Microsoft buys text analysis co Equivio for $200m

Microsoft buys text analysis co Equivio for $200m

Jan. 25, 2015

Three months after a report by "The Wall Street Journal" and two months after acquiring Israeli company Aorato, Microsoft today confirmed that it is acquiring another Israeli startup, Equivio, for $150-200 million. Equivio is developing text analysis software capable of attaching various related texts from a collection of many documents, including e-mails and various types of documents.

The algorithm in the program is already being used by enterprises providing support services for law firms, for example by collecting and analyzing data in various legal documents relating to the relevant information. Other organizations also using the program include the US Department of Justice, the US Federal Trade Commission, and US law firms KMPG and Deloitte.

Equivio's exit comes after many years of activity in the market, but the company has raised little capital. Founded in 2004 by Amir Milo, Yiftach Ravid and Warwick Sharp, the company raised only $500,000 from private investors, meaning that its investors are making their initial investment back 400 times. The company has only a few dozen employees in its Rosh Ha'Ayin center.

Microsoft paid $200 million for its previous acquisition of Aorato, which raised $10 million in January 2014. 

For the full Globes news item click here.

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