Microsoft Corporation (NASDAQ: MSFT) has once again, expanded its service of mobile apps after agreeing to acquire 6Wunderkinder: a Wunderlist to-do app utilized for task management and production efficiency.
In 2014, Wunderlist was nominated by Google (NASDAQ: GOOG), as one of the most effective apps to actually increase peoples' productivity rate. In 2013, Sequoia Capital, a U.S. venture-capital firm, invested $19 million on the productivity app in effort to ensure the advancement of the thriving tech company. Sequoia Capital's remarkable track record reveals that 20% of the total value of the NASDAQ is made up of their previous corporations invested.
Although a deal has not yet been closed, Microsoft intends to invest between $100 million to $200 million into the German-based startup tool. Earlier this year, Microsoft bought the mobile calendar application, Sunrise, for at least $100 million. In February 2015, the following reports announced that there was a 1.1% to $42.05 gain on shares of Microsoft after the acquisition of Sunrise.
Everyday people are becoming more familiar with the utilization of smart phones; along with the countless apps that comes with it. Practically everyone today in the working industry carries a smart phone that allows them to save valuable time and operate at an efficient rate. The main goal of this acquisition is for Microsoft to expand and diversify their lineup of mobile apps, commending the existence of cellular presence and the emphasis of Microsoft productivity tools.