Microsoft has announced its acquisition of Equivio, a known text analysis company. Equivio specializes in providing text analytics and constructing machine learning solutions so large businesses and governments can easily manage legal data and sensitive documents.
Equivio is widely used by U.S. federal agencies and hundreds of law firms, corporations and other organizations. Furthermore, it is also generally accepted as an important eDiscovery tool which allows Equivio customers to find relevant data from a large database, sort and compile this data, isolate it and help them to efficiently identify the documents they need.
Microsoft has emphasized that with the advancement in technology, the traditional methods of manually searching through large volumes of data are becoming inconvenient, which has lead to this vital acquisition. Microsoft aims to increase productivity and efficiency with Equivio stating that:
Microsoft is serious about providing customers with tools to manage the legal and compliance requirements that are key to responsible business practices. Office 365 includes robust eDiscovery and information governance capabilities today, and we’ll use Equivio’s machine learning technology to make these vital tools even more intelligent and easy to use in the months ahead. I am extremely excited about the innovative technologies and experienced team we’re bringing to Microsoft as we advance this important work.
The acquisition of the legal focused machine learning company follows the announcement of Microsoft's recent partnership with Moodle. This further clarifies Microsoft's enterprise initiatives which are to increase productivity by saving time and making machines and e-tools more efficient. This move will also allow Microsoft to boost its position in the government sector where data sensitivity, privacy and integrity are of absolute importance.
Source: Microsoft |Image via Microsoft