Microsoft to Acquire Groove Networks, Combining Talents to Create Anytime, Anywhere Collaboration Products and Services – Stories

BEVERLY, Mass., March 10, 2005 — Microsoft Corp. announced today that it will acquire Groove Networks Inc., a leading provider of collaboration software for the “virtual office.” The deal unites two top innovators of technology that help geographically distributed workgroups be as productive as those that work in a single physical location. Financial terms of the acquisition were not disclosed.

Source: Microsoft to Acquire Groove Networks, Combining Talents to Create Anytime, Anywhere Collaboration Products and Services – Stories