Microsoft acquires Groove Networks and adds new CTO

Microsoft announced it will acquire Groove Networks and integrate Groove’s Virtual Office collaboration software into the Office System lineup. Groove’s founder, Ray Ozzie, will become chief technology officer of Microsoft and report directly to company chairman Bill Gates.

Groove Virtual Office enables workers to share information, manage projects and hold meetings no matter where they are located geographically. Groove’s products were already closely tied to Microsoft’s Office applications, which will aid in the transition.

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