Microsoft announced its acquisition of Groove Networks, a privately held company founded by Ray Ozzie, the creator of Lotus Notes. Groove Networks develops software that facilitates collaboration among computer users regardless of location.
This acquisition significantly boosts Microsoft's presence in the collaborative software market, leveraging Ozzie's expertise and Groove Network's innovative technology.
SAN FRANCISCO, March 10 - Ray Ozzie, whose popular Lotus Notes software helped demonstrate the power of office PC networks in the early 1990's, has gone to work for the PC software king, Bill Gates of Microsoft.
Mr. Ozzie's company, Groove Networks, develops software intended to permit simple collaboration by workers using desktop or portable computers, whether they are in the same office or connected via the Internet.
Microsoft said on Thursday that it would acquire Groove and its 200 employees and that Mr. Ozzie would become one of three chief technical officers at Microsoft.
Groove, which is privately held and based in Beverly, Mass., was founded in October 1997 by Mr. Ozzie, who previously was the designer of Lotus Notes. Financial terms were not disclosed. Microsoft was already a major investor, along with Intel Capital, a unit of Intel. In 2001, Groove was valued at about $250 million.
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