Microsoft (MSFT) Plans to Buy DATAllegro
More News related to MSFT
- Activision Blizzard's (ATVI) New "Call of Duty" Has Gamers Buzzing, But Stock Flat
- Microsoft, USO of Metropolitan Washington, Washington Capitals Mark Veteran's Day, Honor Wounded
- Research In Motion (RIMM) Off Highs As Takeover Speculation Dismissed
- Microsoft Launches Digital Video Series 'Microsoft Health Tech Today'
- Janney Montgomery Scott Upgrades Adobe Systems (ADBE) to Buy; A Very Compelling Product Cycle
More News related to Mergers and Acquisitions
- Hackett (HCKT) Misses Street's Q3 Views; Guides Q4; Acquires Archstone Consulting
- Cavium Networks (CAVM) to Acquire MontaVista Software for $50 Million; Accretive to 2010 Earnings
- United Technologies (UTX) nears purchase of GE (GE) unit for $1.8B
- Windstream (WIN) Closes Acquisition of D&E Communications, Deal Valued at $333M
- VeriChip (CHIP) Completes Acquisition of Steel Vault
Microsoft Corp. (Nasdaq: MSFT) today announced that it intends to acquire DATAllegro Inc., a provider of breakthrough data warehouse appliances. Terms of the deal were not disclosed.
The acquisition will extend the capabilities of Microsoft's mission-critical data platform, making it easier and more cost-effective for customers of all sizes to manage and glean insight from the ever-expanding amount of data generated by and for businesses, employees and consumers.
After completing the acquisition, Microsoft will retain most of DATAllegro's team as well as its headquarters in Aliso Viejo, Calif., making it a Center of Excellence for data warehousing. Existing DATAllegro customers will continue to be supported.
Microsoft Corporation provides software products for computing devices worldwide.
Related Categories
Mergers and AcquisitionsStocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
