Microsoft announced the acquisition in a blog post, saying Accompli will help the company will help it "deliver fantastic cross-platform apps that support the variety of email services people use today and help them accomplish more." Accompli's iOS and Android apps currently let users access email and cloud services from a variety of services including Microsoft's Outlook and Office 365, and Google's (GOOGL) Gmail and Google Apps.
The Redmond, WA.-based Microsoft will pay more than $200 million for the mobile app startup, according to Re/code.
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TheStreet Ratings team rates MICROSOFT CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MICROSOFT CORP (MSFT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income."