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  Microsoft Acquires File Management Software Maker
Time: 14:55 EST/19:55 GMT | News Source: eWeek | Posted By: John Quigley

SAN FRANCISCO (Reuters)—Microsoft Corp., the world's largest software maker, said on Thursday that it has acquired a company that provides file management services that allows users access to information from various devices over the Web. Microsoft did not disclose how much it paid for FolderShare, a privately-held company based in Austin, Texas. Microsoft said that acquisition will help it bolster its new strategy of providing more software-based services over the Internet to customers, an initiative called Windows Live that was announced earlier this week

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