Microsoft’s mysterious acquisition of Seadragon Software has apparently closed according to Kim Peterson in the Seattle Times:
Microsoft closed its acquisition of Seattle-based Seadragon Software on Monday — a rare example of the software giant buying a company in its own backyard.
Two people involved in the deal confirmed the acquisition, but Microsoft would not comment. Financial terms were not disclosed.
Seadragon was founded in 2003 and has developed technology that can quickly display large images on computers and handheld devices. The company has 10 employees, but as early as last summer it began attracting interest from Samsung and other tech giants.
Seadragon initially talked to Microsoft about licensing its technology, but Microsoft decided that a marriage was in order, according to Tom Alberg, a managing director at Madrona Venture Group. Seattle-based Madrona invested $2 million in Seadragon’s Series B round last summer and was deeply involved with the company.
More by following the link and also from Microsoft’s Don Dodge who provides a temperature reading on the acquisitions arena.