Tuesday, January 7, 2014

Microsoft Buys Parature

Redmond-based Microsoft said this morning that it has acquired Parature, a developer of cloud-based, customer self-serviec software. Financial terms of the buy were not disclosed. Microsoft said that Parature's customers include Ask.com, IBM, Saba Software, Threadless, Tagged, and the EPA, among others. Parature was venture backed by Accel Partners, Sierra Ventures, and Valhalla Partners, and was based in McLean, Virginia.