Microsoft to buy cloud-based software maker Parature
(Reuters) - Microsoft Corp (MSFT.O) said it would buy cloud-based software maker Parature Inc, which helps businesses manage help desks and provide other customer support services.
Parature's software helps businesses provide automated customer service, manage online discussion boards and forums, and conduct online surveys.
The company's customers include Ask.com, the U.S. Environmental Protection Agency, International Business Machines Corp (IBM.N) and Saba Software Inc (SABA.PK).
Microsoft did not disclose the terms of the deal.
The acquisition will boost Microsoft's Dynamics unit, which makes business software and counts Mattress Firm Holding Corp (MFRM.O), Pandora Media Inc (P.N) and Nissan Motor Co (7201.T) as customers.
Cloud computing, a broad term referring to the delivery of services via the Internet from remote data centers, is a favorite with businesses because it is faster to implement and has lower upfront costs than traditional software.
Oracle Corp (ORCL.N) said in December that it would buy web-based marketing software maker Responsys Inc MKTG.O for about $1.39 billion to bolster its cloud computing offerings.
Salesforce.com Inc (CRM.N), the biggest maker of online sales management tools, said in June that it would pay $2.5 billion for marketing software maker ExactTarget ET.N, which helps companies reach customers on social networks through mobile devices.
Microsoft shares rose around 1 percent to $36.41 on Tuesday morning on the Nasdaq.
(Reporting by Neha Alawadhi in Bangalore; Editing by Kirti Pandey)
- Tweet this
- Share this
- Digg this
- Nine reasons why India's WTO veto shocked the world
- India says WTO deal not dead, can sign in Sept if concerns addressed
- India's demands block $1 trillion WTO deal on customs rules
- Nifty falls most in nearly 3-1/2 weeks; Sensex down over 400 points
- In cat-and-mouse game, India uncovers new gold smuggling route
Taking on Facebook
Austrian law student Max Schrems appealed to a billion Facebook users around the world on Friday to join a class-action lawsuit against Facebook's alleged violations of its users' privacy, stepping up a years-long data-protection campaign. Full Article
No cell service? goTenna lets users send texts without cellular network connectivity. Video
Microsoft ordered by U.S. judge to submit customer's emails from abroad. Full Article
Xiaomi's star rises as Chinese handset makers gnaw at Samsung's share: report. Full Article