Microsoft to Acquire Equivio

EquivioLogoTEL AVIV— Microsoft Corp. MSFT +0.44% has signed a letter of intent to buy Israel-based text analysis startup Equivio Ltd., a deal that could be worth around $200 million, according to a person familiar with the matter.

The deal could still fall through.

Neither Equivio nor Microsoft would comment.

Equivio develops text analysis software that can group together relevant texts from large amounts of documents—including emails and other organizational social and collaboration networks—using machine learning algorithms.

The algorithms generalize samples of texts marked as relevant to the issue at hand to apply the sorting logic to groups of texts, such as legal documentation.

The technology is already in use by organizations providing litigation support services to law firms and corporate legal departments trying to extract relevant data, such as legal contracts, from massive amounts of documents.

Founded by Amir Milo, Yiftach Ravid and Warwick Sharp, Equivio is based in Rosh Ha’Ayin, some 26 kilometers east of Tel Aviv.

It lists the U.S. Department of Justice, the Federal Trade Commission, KPMG and Deloitte as users of its software.

About Charles Skamser
Charles Skamser is an internationally recognized technology sales, marketing and product management leader with over 25 years of experience in Information Governance, eDiscovery, Machine Learning, Computer Assisted Analytics, Cloud Computing, Big Data Analytics, IT Automation and ITOA. Charles is the founder and Senior Analyst for eDiscovery Solutions Group, a global provider of information management consulting, market intelligence and advisory services specializing in information governance, eDiscovery, Big Data analytics and cloud computing solutions. Previously, Charles served in various executive roles with disruptive technology start ups and well known industry technology providers. Charles is a prolific author and a regular speaker on the technology that the Global 2000 require to manage the accelerating increase in Electronically Stored Information (ESI). Charles holds a BA in Political Science and Economics from Macalester College.