Big news: Microsoft acquires Jellyfish

Microsoft just acquired Jellyfish for an undisclosed amount; Jellyfish had raised $5mm in venture.

Jellyfish will maintain its identity and will stay in Madison, WI.

It looks like the purchase was partly to leverage the technology for search -- over at the Live Search blog, they write:

We think the technology has some interesting potential applications as we continue to invest heavily in shopping and commerce as a key component of Live Search.

Congrats Jellyfish! 

(via TechCrunch)

By Scott Hurff