Microsoft today announced an agreement to acquire the Ra’anana-based startup Gteko Ltd. Ynet has learned that the software giant will pay USD 110 million for the acquisition of the Israeli company.
Gteko, founded in 1992, is headquartered in Ra’anana, with offices in New York and Tokyo. Their most recent round of funding included investments from Pitango and Intel Capital, among others. Gteko manufactures ease-of-use networking and support software for the digital home.
You can spelunk their products in more detail at the Gteko website, but either Microsoft plans on dealing with more consumers setting up home networks and making support calls, or they think a bunch of other folks will pay them for the software to deal with such. It’ll be interesting to see what the official “story” is for this acquisition.