Microsoft gets in $51 million groove

Published on .

Beverly, Mass.--To speed the use of its .Net server software and XT operating systems as connectors among businesses, Microsoft Corp. said Wednesday it would make a $51 million investment in Groove Networks in exchange for a minority stake in the fledgling company. Groove specializes in creating so-called "peer-to-peer" connections between businesses using Microsoft's .Net brand of software. Microsoft CEO Steve Ballmer said year-old Groove represents a coming segment of the computer industry that will use both desktop computer applications and Internet services to make businesses operate better.
Most Popular
In this article: