M&A Deal Summary

Microsoft Acquires Firefly Network

On April 9, 1998, Microsoft acquired internet software and services company Firefly Network

Acquisition Highlights
  • This is Microsoft’s 7th transaction in the Internet Software and Services sector.
  • This is Microsoft’s 18th transaction in the United States.
  • This is Microsoft’s 1st transaction in Vermont.

M&A Deal Summary
Date 1998-04-09
Target Firefly Network
Sector Internet Software and Services
Buyer(s) Microsoft
Deal Type Add-on Acquisition

Target

Firefly Network

McLean, Vermont, United States
Firefly Network, a developer of Internet software customizing web sites to user preferences.

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Buyer(S) 1

Buyer

Microsoft

Redmond, Washington, United States
Category Company
Founded 1975
Sector Software
Employees221,000
Revenue 211.9B USD (2023)
DESCRIPTION
Entrance to Microsoft's corporate headquarters in Redmond, Washington.
Entrance to Microsoft's corporate headquarters in Redmond, Washington.

Microsoft is a global technology company that offers a broad spectrum of software products, services, and devices designed to help individuals and organizations across various sectors. Its extensive portfolio includes the Windows operating systems, the Microsoft Office suite for productivity, and the Azure cloud computing platform, providing solutions for computing, analytics, storage, and networking. Microsoft also delves into enterprise applications with Dynamics 365, connects professionals via LinkedIn, and engages gamers through its Xbox brand and related services. Additionally, it offers internet services such as Bing for web search, Outlook.com for email, and Skype for communication. Microsoft was formed in 1975 and is based in Redmond, Washington.

DEAL STATS #
Overall 21 of 213
Sector (Internet Software and Services) 7 of 57
Type (Add-on Acquisition) 20 of 199
State (Vermont) 1 of 1
Country (United States) 18 of 153
Year (1998) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-31 Windows Live Hotmail

Seattle, Washington, United States

Hotmail is a web-based email provider. The Company was formed in 1996 by Jack Smith and Sabeer Bhatia.

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-28 The MESA Group

Newton, Massachusetts, United States

The MESA Group Inc. provides breakthrough technology for cross-platform, cross-enterprise collaboration, migration and coexistence of e-mail/groupware. MESA offers a full complement of products and services based on its industry-leading JumpStart methodology, which is widely used by major corporations for both migration and coexistence between information systems that include Lotus Notes, Microsoft Exchange and the Internet. The company's portfolio of products is marketed and supported through strategic partners, resellers and service providers, as well as directly by MESA.

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