Valued at a nosebleed $42.5M value when it received its Series A round, VentureBeat is reporting that Microsoft has acquired PowerSet for $100M.
The company - who licensed search technology from Xerox - has nothing to be ashamed of: a $100M value creation enterprise is impressive, but at a 2x return, Powerset is underwhelming, let’s hope MSFT can leverage its technology to make it match even half of the hype and fanfare it launched to.
I will say this: Powerset is one of the first examples of the excitable TechMeme/Blogosphere-fueled era:
The formula is simple = a little bit of tangible + a lot of buzz = questionable value as perceived by a larger company desperately trying to make up for a shortcoming.
I’m just saying. I actually thought technology and product offering wise, Powerset should have merged with Podzinger/Everyzing.
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