Microsoft Corporation acquired PlaceWare, a transaction completed in April 2003, structured as Acquisition of a privately held company; completed April 30, 2003 (announced January 21, 2003).
PlaceWare operates in Information Worker Business (Real Time Collaboration Group), is based in United States (Mountain View, California). PlaceWare, based in Mountain View, California, was a leading Web-conferencing provider whose service enabled real-time, interactive online presentations and meetings scaling from small groups to thousands of attendees. Microsoft acquired it to expand its Information Worker real-time collaboration offerings; the product became Microsoft Office Live Meeting.
Add proven Web-conferencing technology to Microsoft's real-time collaboration and Office offerings.
PlaceWare is a solid company and has built a strong Web conferencing business. We look forward to merging our strengths.Jeff Raikes, Group Vice President of Productivity and Business Services, Microsoft
Advisory firms were not disclosed for this transaction.