Report: Microsoft to buy Israeli software start-up for $200 million

 A building on Microsoft's man campus in Redmond, Wash. Credit: Wikimedia Commons.

(Israel Hayom/Exclusive to Microsoft has signed a letter of intent to buy the Israeli software start-up Equivio for around $200 million, the Wall Street Journal reported on Tuesday.

Equivio develops text-analysis software, which organizes groups of related documents and emails based on sets of rules meant to mimic human intuition. The software’s machine-learning algorithm continually adjusts itself to improve its results.

Microsoft and Equivio have yet to release an official statement on the report.

Posted on October 8, 2014 .