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Groove, four years later







Groove, four years later

Groove, four years later 05/04/2004 12:25 PM

I recently met with Groove's Jack Ozzie and Michael Helfrich. Jack is a co-founder and VP, development; Michael is VP, applied technology. The subject, of course, was the forthcoming V3 of Groove, a product I first saw in beta four years ago this spring. We had a wide-ranging discussion; here are some of the key takeaway points. ...




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Groove, four years later

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Apparently, Groove was sold to Microsoft for $120 million in cash (via Dave ) which falls short of $155 million invested into Groove.  Since Microsoft was the largest investor, it's share out of the $120 million is about $80 million.  That means Microsoft bought rest of Groove for just $40 million.

Groove investors got some of their money back for which founders gained some respect.  Microsoft got a bargain (?!?) and a new CTO.  And employees got nothing for their shares.  Phew!


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My wife and I use Groove to keep our schedules synchronized to many times she will tell me something and I will forget 10 minutes later. She knows this so she adds it to our Groove workspace. The reviews sound real good and if the price is right will upgrade. [Information Week] [Groove]


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Microsoft Buys Groove


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Microsoft to Acquire Groove Networks, Combining Talents to Create Anytime, Anywhere Collaboration Products and Services: This is kind of a no-brainer. Micrsoft owned 25% of Groove, and it was only a matter of time until Groove got built into Windows.

Microsoft Corp. announced today that it will acquire Groove Networks Inc., a leading provider of collaboration software for the "virtual office."

This will essentially give every copy of Windows a built-in private P2P network. The RIAA can't be happy about that prospect.

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Microsoft to buy Groove Networks


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This entry was brought to you by Groove Networks

Groove Virtual Office for Consultants: Small Steps to Big Gains for Your Practice

As a consultant there are two things you can't get enough of: time and useful ideas. In just minutes, you'll get practical advice from professional services executives, who share some of the small steps they've taken to increase billings, improve responsiveness, streamline project management and manage their sales pipeline.


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BBC NEWS | UK | Magazine | Getting back
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BBC NEWS | UK | Magazine | Getting back
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"Fungal mould and insects have been the main culprits in silencing the voices of Americans from legendary eras such as the Civil War, the conquest of the western states, and the early days of slavery." .. It's like a fancy Xerox machine .. BBC News

news.bbc.co.uk/2/hi/uk_news/magazine/3917849.stm
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triggerf.jpgHip-hop, rap, and electronic music changed forever in 1988. That was the year Akai introduced its legendary MPC-60 sampler/groovebox. Computers have looked enviously at music hardware ever since -- and no, clicking a 4x4 grid of drum pads on a screen with your mouse is not the same as doing it physically. But computers are about to strike back: M-Audio's upcoming USB-powered Trigger Finger (see CDM for details) costs just US$199, works with Mac and PC, and doesn't even need drivers. (via GearJunkie) If your fingers are itching to groove, this could be for you. Just start thinking about what your new DJ / hip-hop moniker will be. I'm opting for DJ Procrastinate, so that's taken.


Peter Kirn, editor of createdigitalmusic, checks in regularly with gear too cool for only musicians to be in the know.


What is Groove’s Virtual Office and how
is Microsoft involved?


What is Groove’s Virtual Office and how
is Microsoft involved?
04/14/2005 08:50 AM

"Software Pioneer Quits Board of Groove"


"Software Pioneer Quits Board of Groove" 03/13/2003 10:25 AM

Groove Networks Releases New Workgroups
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Groove Networks Releases New Workgroups
Tool
07/08/2004 06:48 PM
“Groove Networks Inc. this week will introduce Groove Virtual Office 3.0, the first version of the company’s peer-to-peer collaboration software to offer truly contextual collaboration the way company founder Ray Ozzie envisioned it: The software takes collaboration to users, rather than bring users to the collaboration.”

Microsoft Completes Aquisition of Groove
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Microsoft Completes Aquisition of Groove
Networks
04/08/2005 10:12 AM
Microsoft has today announced the completion of the acquisition of Groove Networks. The acquisition had hit a legal stumbling block, which has since been dropped.

Three days ago, <a href="http://www.reuters.com/newsArticle.jhtml?type=topNews&s toryID=8085638">it became clear</a> that a judge would not allow a restraining order against Microsoft. Such an order would have prevented them from completing the purchase of Groove. Michael Matthews, a former Groove employee and the instigator of the legal action, said that the deal would benefit only the two main shareholders in Groove; Microsoft and Ray Ozzie, Groove's founder. It emerged through court papers that the deal was worth $120 Million.

Microsoft plans to continue selling Groove products on a standalone basis, whilst deciding how best to integrate them with its existing Office software. Groove makes productivity software that allows multiple users to work collaboratively on computer files simultaneously. As part of the acquisition, Ozzie will become one of three CTOs at Microsoft, reporting directly to Bill Gates.

"While Groove and Microsoft technologies already work together in very powerful ways, we've only just begun to realize opportunities to better address the needs of information workers at a time when the very nature of work itself is changing," said Ozzie. "I'm eager to contribute my experiences and lessons learned over the past 20-plus years in computer-supported collaboration to help shape the next wave of Microsoft Office System technologies and other future products."

View: More Info, Microsoft.com

Read full story...

BetaNews | Microsoft Acquires Groove
Networks


BetaNews | Microsoft Acquires Groove
Networks
03/14/2005 04:51 PM
Microsoft announced early Thursday that it will acquire Groove Networks and integrate Groove's Virtual Office collaboration software into the Office System lineup .. bought grove

betanews.com/article/Microsoft_Acquires_Groove_Networks/111046 6891
track this site | 2 links


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Groove, four years later

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