Venture capitalists expressed hope that Microsoft would pick up the M&A pace following its planned $8.5 billion buy of Skype. And here’s another sign that activity might be heating up (albeit not anywhere near the scale of Skype). Microsoft today announced that it has acquired Prodiance, a maker of enterprise risk management software.
As part of the deal, Prodiance will become a wholly-owned subsidiary of Microsoft.
Microsoft notes in a blog post:
Prodiance has enabled over 100 Fortune 2000 companies to address some of their most complex challenges – mitigating the risk of material errors, while preventing fraud and non-compliance. The company’s customers include the world’s top computer manufacturer, several leading global insurance providers, and 4 of the top 5 largest financial services firms in the world.
Based in Pleasanton, California, Microsoft said that it plans to hire a number of the company’s employees. It also plans to integrate the Prodiance technology into future versions of Office.
More information on the deal in this FAQ.
