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NEW ORLEANS -- Microsoft Corp. (Nasdaq: MSFT - News) today announced that it has agreed to acquire Medstory Inc., a privately held company based in Foster City, Calif., that develops intelligent Web search technology specifically for health information. The acquisition represents a strategic move for Microsoft in the consumer health search arena and signals a long-term commitment toward the development of a broader consumer health strategy. Medstory employees will join the Health Solutions Group, a recently formed division at Microsoft that will manage product development and delivery. Financial terms were not disclosed, as part of the agreement between the organizations.
"At Microsoft, we are focused on enabling people to make the best decisions," said Peter Neupert, corporate vice president for health strategy and leader of the Health Solutions Group. "We were impressed with the ability of Medstory's unique technology to organize and surface the most relevant online health content, which empowers consumers who are trying to find the right information about an important life event."
Microsoft Corp.
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