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February 15, 2006

Microsoft acquisition of Seadragon closes

Posted by David Hunter at 1:07 PM ET.

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.

Filed under Acquisitions

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2 Responses to “Microsoft acquisition of Seadragon closes”

  1. Microsoft Weekly Miscellany, November 10, 2006 -- Microsoft News Tracker Says:

    [...] Microsoft’s Live Labs And Microsoft Research launched a tech preview of Photosynth, an application that blends ordinary photos into an immersive 3D image. It uses technology developed by Seadragon Software which Microsoft acquired in January, er February. More details at the Photosynth site and from Tuan Nguyen at DailyTech. [...]

  2. Microsoft launches Photosynth service | Microsoft News Tracker Says:

    [...] is based on technology Microsoft acquired with Seadragon Software and while it makes a great PR gimmick, there doesn’t appear to be a monetization plan. [...]

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