Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Development
    • Development

    Groove Lands Big Microsoft Investment

    By
    Dennis Callaghan
    -
    October 10, 2001
    Share
    Facebook
    Twitter
    Linkedin

      A $51 million investment by Microsoft Corp. in Groove Networks Inc. likely paves the way for more integration of Grooves peer-to-peer collaboration software into Microsofts own collaborative applications and other technologies.

      The investment, announced Wednesday, gives Microsoft a minority stake in Groove and made up the lions share of a $54 million funding round for the P2P company, which was founded by Lotus Notes creator Ray Ozzie.

      Microsoft CEO Steve Ballmer said in a statement that Groove, which debuted its software a year ago, represented a “new breed of innovative software that takes full advantage of the PC and the rich communication aspects of the Internet.” He also praised Grooves “advanced use” of Microsoft .Net tools and infrastructure.

      “As our investment indicates, we are even more enthusiastic about Groove today than we were a year ago,” Ballmer said in the statement. “We look forward to working with Ray [Ozzie] and his team to deliver solutions to our customers that further advance our vision of empowering people through great software – any time, any place and on any device.”

      Grooves namesake software uses a Napster-like P2P technology that allows business teams to collaborate on activities within secure, shared virtual spaces. It doesnt rely on centralized Web servers, but on the shared computing power of its individual users, reducing its vulnerability to single points of failure, according to officials at the Beverly, Mass., company.

      Microsoft, of Redmond, Wash., and Groove Networks have in the past worked together on Extensible Markup Language-based Web and peer services, including programming languages, .Net services, Office and Windows XP and instant messaging, officials said. The equity investment will extend those product integration initiatives and create joint sales and marketing initiatives, as well.

      “For nearly a year, we have been working with Microsoft on several initiatives, as our early customers have asked for tighter integration with Office applications, interoperability with Windows Messenger, and an understanding of how we will employ .NET technologies and services,” said Ozzie, Groove Networks CEO, in a statement. “Weve made significant progress on these and other initiatives, and now look forward to working even more closely with Microsoft to ensure that we capitalize on the strengths of our respective technologies to deliver cross-enterprise collaboration solutions for our customers.”

      Dennis Callaghan covers collaboration and can be contacted at dennis_callaghan@ziffdavis.com.

      Dennis Callaghan

      MOST POPULAR ARTICLES

      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Applications

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      Applications

      Kyndryl’s Nicolas Sekkaki on Handling AI and...

      James Maguire - November 9, 2022 0
      I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      Careers

      SThree’s Sunny Ackerman on Tech Hiring Trends

      James Maguire - June 9, 2022 0
      I spoke with Sunny Ackerman, President/Americas for tech recruiter SThree, about the tight labor market in the tech sector, and much needed efforts to...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×