Microsoft will acquire the software and intellectual property of United Management Technologies to build into its Office software, the companies said Friday.
Microsoft's purchase includes UMT's portfolio management products, which help companies identify and prioritize portfolios of projects, as well as deal with projects' deadlines, scopes and budgets. Microsoft will fold these assets into its Office Enterprise Project Management Solutions.
"Through the acquisition, we will be able to more quickly deliver on our vision of bringing project and portfolio management capabilities to all levels of an organization," Chris Capossela, Microsoft vice president of information-worker product management, said in a statement.
Under the deal, Microsoft will acquire the software and IP assets from New York City-based UMT. Microsoft, however, is not purchasing UMT's consulting business, which will remain a separate entity.
Financial terms of the deal were not disclosed.
Join the conversation
Comment replyThe posting of advertisements, profanity, or personal attacks is prohibited. Click here to review our Terms of Use.
Google creates an animated doodle that features a boy, a girl, Google's search engine, and a jump rope. But might there be darker, more analytical, more troubling interpretations to this tale?
The Silicon Valley online payments startup grew by 1,000 percent last year and is hopeful it can repeat that level of growth this year. To do that, it's had to move away from its early friends-and-family roots and embrace small businesses.
Chamtech's spray-on antenna uses a nano material to provide a low-power boost to antenna range. The wireless-in-a-can product may some day bring an end to unsightly cell towers.
EnerG2 opens a plant to make an engineered carbon that will improve performance of energy storage devices and make storage for start-stop hybrid cars less expensive.
Join the conversation