Microsoft (NASDAQ: MSFT) is to acquire Genee, a Mountain View, California-based artificial-intelligence-powered scheduling service.
The amount of the deal was not disclosed.
The acquisition will allow Microsoft to continue to build new Office 365 productivity capabilities and services.
Started in 2014 by Ben Cheung and Charles Lee, who plan to join Microsoft, Genee has built a tool that aims to simplify scheduling (and rescheduling) meetings. Especially used by large groups, Genee uses natural language processing and optimized decision-making algorithms for people to interact with a virtual assistant like a human. People can to send an email and copy Genee, which understands they want to find a time to meet with the receiver of the email and streamline the process by emailing him/her directly with appropriate options that work with people’s calendar and preferences.
With the acquisition, Uj Ventures, Streamline Ventures, Garnett Ventures and additional angel investors will exit the company.