Friday September 18, 2020

InnisTech pays Microsoft €2.4million in shares

InnisTech,a new Irish start-up, paid €2.4 million worth of shares to Microsoft to acquire the technology that will form the backbone of its business.

5th September, 2009

InnisTech,a new Irish start-up, paid €2.4 million worth of shares to Microsoft to acquire the technology that will form the backbone of its business.

InnisTech acquired technology that is designed to enable software developers to protect and license their intellectual property. It had been developed in-house by Microsoft and a business division was created by the company with 120 customers for the technology.

However, Microsoft decided late last year that the product would be better...

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