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Microsoft Acquires Groove Networks

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Microsoft on Thursday said it will acquire Groove Networks and make Groove's founder, Ray Ozzie, chief technology officer at the software giant.

Terms of the acquisition were not disclosed.

Microsoft said it will incorporate Groove's collaboration software into its Office line of desktop productivity applications. Ozzie, the inventor of Lotus Notes and a collaboration guru, will report to Bill Gates, Microsoft's chairman and chief software architect.

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