October 12, 2014 | According to a “Wall Street Journal” report, Microsoft has signed a letter of intent to acquire the Israeli text analysis company Equivio. The report states that Microsoft will acquire Equivio for up to $200 million. While the deal has not yet been finalized, both Microsoft and Equivio declined to comment when contacted by the “Wall Street Journal.” Equivio was founded by CEO Amir Milo, VP of Engineering Yiftach Ravid, and VP of Marketing and Business Development Warwick Sharp. The company, based in Rosh Ha’Ayin, Israel, specializes in text analysis software that is able to group together relevant texts from a large amount of documents.
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