Boston Business Journal - 4:51 PM EDT Monday
Microsoft Corp. confirmed it is acquiring Softricity Inc., counting on Softricity's application virtualization and streaming capabilities to ease the transition to its new Windows Vista operating system.
The companies did not disclose financial terms.
Boston-based Softricity's technology gives computers access to software without technicians actually having to install an application.
Since its launch in 1999, Softricity has disclosed $63 million in funding from Prism Venture Partners of Westwood, Mass., FA Technology Ventures of Boston and several other investors.
In March, Softricity hired Veritas Software veteran Art Matin as chief executive, replacing founding CEO Harry Ruda, who remains a board member.