M&A Deal Summary

Microsoft Acquires SWNG

On November 6, 2017, Microsoft acquired internet software and services company SWNG

Acquisition Highlights
  • This is Microsoft’s 51st transaction in the Internet Software and Services sector.
  • This is Microsoft’s 125th transaction in the United States.
  • This is Microsoft’s 44th transaction in California.

M&A Deal Summary

Date 2017-11-06
Target SWNG
Sector Internet Software and Services
Buyer(s) Microsoft
Deal Type Add-on Acquisition

Target

SWNG

San Francisco, California, United States
Swing Technologies is a cinemagraphic photo app that allows users to create moving photos. Swing Technologies was established in 2014 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Microsoft

Redmond, Washington, United States

Category Company
Founded 1975
Sector Software
Employees228,000
Revenue 245.1B USD (2024)
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 173 of 213
Sector: Internet Software and Services M&A 51 of 57
Type: Add-on Acquisition M&A Deals 164 of 199
State: California M&A 44 of 57
Country: United States M&A 125 of 153
Year: 2017 M&A 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 AltspaceVR

Redwood City, California, United States

AltspaceVR, Inc. is a social virtual reality app. AltspaceVR allows users across headset and web platforms to join 3D chat rooms to play games, watch videos and attend events. AltspaceVR, Inc. was founded in 2013 and is based in Redwood City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Avere Systems

Pittsburgh, Pennsylvania, United States

Avere Systems was created by file systems experts determined to reinvent storage by changing the way enterprises thought about and bought storage resources. With decades of experience behind the company’s founders, Avere got its start in 2008 with a mission to use fast, flash-based storage in the most efficient, effective manner possible. What the team had discovered was a technology that optimized storage resources and reduced dependencies on sprawling storage installations. Launched as the Avere OS, this advanced file system not only boosted performance within standard, on-premises, network-attached storage systems but also within diverse, hybrid architectures that include cloud provider services and other types of object storage.

Buy -