Microsoft buys search company
Microsoft has announced plans to buy over Powerset Inc., an Internet search company, which is the latest acquisition aimed at bolstering its search capability.
Powerset, which is based in San Francisco, specialises in “semantic search” technology that contextualizes search queries to improve results.
Over the last two years, Microsoft has spent approximately $8 billion on buyouts of other companies, as well as $500 million on internal development. As of this year, nine of Microsoft’s fifteen acquisitions have been in the Internet sector.