Microsoft Gets Groove, Guru

"Microsoft (Nasdaq: MSFT) has acquired another small software company, the latest in a series of buys that have added to its portfolio in security , services and, in the case of its most recent deal, collaboration. With the acquisition of Groove Networks, Microsoft gets not only a company but also a big name in technology -- Groove's Ray Ozzie, who will now be working for Microsoft.

The companies, which did not disclose financial terms of the deal, said the acquisition will fold together Groove's collaboration products and Microsoft's Office suite to allow better productivity from dispersed workgroups. In keeping with the nature of the technology, the companies said Groove's work force and home base will remain in Beverly, Massachusetts, as will Ozzie, who will now report to Microsoft chairman and chief software architect Bill Gates and collaborate with Microsoft's Information Worker Group. "

Everything comes together in the end...