Life After Yahoo's Snub: Microsoft Acquires MobiComp
Microsoft might have failed to work its M&A mojo on Yahoo but it has nonetheless made seven acquisitions since first launching its bid for Yahoo on February 1, 2008 – truly a shopping spree. It most recently acquired a Portuguese cloud company, MobiComp, on June 26th. MobiComp will bolster Microsoft’s mobile computing portfolio as it boasts of expertise in mobile data protection and sharing services. Its various technologies help users post content on popular social networking websites from their cellphone and back up their mobile data. Microsoft has kept the details of the transaction to itself. This is Microsoft’s second mobile computing-related acquisition this year, it had bought mobile software firm Danger in Feb.