Microsoft Puts Up $100M For Service Software Co. Parature

Law360, New York (January 7, 2014, 11:38 AM EST) -- Microsoft Corp. said Tuesday that it has scooped up Parature, a venture-backed provider of cloud-based customer service software, broadening its existing offerings by firming up an existing partnership in a deal pegged at $100 million.

Neither company commented on the purchase price, but multiple news outlets, citing sources familiar with the transaction, reported the price tag. Microsoft's confirmation of the deal came after rumors that began to swirl late on Monday that the two had inked an agreement.

With its buy, Microsoft fleshes out its repertoire...
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