Software company Microsoft is in process of acquiring social calendar app Sunrise for USD 100 million. As per a TechCrunch report, the company will keep the Sunrise apps alive as stand-alone products, while using some of the startup’s technology for its own future products.
Microsoft made a similar move in December 2014, acquired email app Acompli for USD 200 million and the acquisition ended up becoming a part of its most recent Outlook for Android and iOS apps, launched just last week.
Started in 2012, Sunrise has a suite of calender products for mobile and desktop users, available on the iPhone, iPad, Android devices, and on the Mac App Store, as well as offering a web client. Users can access their calendars from Google, iCloud, and Microsoft Exchange, as well as connect to a wide range of other third-party apps.
The company had secured USD 8.2 million from investors including Balderton Capital, Resolute.vc, NextView Ventures, Lerer Ventures, SV Angel, BoxGroup, 500 Startups among others.Category Business Investments