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Microsoft Acquires Clipchamp
Description
Microsoft ($MSFT@US) has acquired Clipchamp, a start-up with software that consumers and corporate workers can use to edit video. The technology aligns with Microsoft's years-long effort to widen its productivity software offering for individuals and corporations. When it announced upcoming price increases for Office 365 subscriptions in August, it pointed to additions to the bundle, including the Teams communications app. Clipchamp services are not yet available through a Microsoft licensing program. Clipchamp was founded in 2013. It is based in Brisbane, Australia, and has 92 employees.
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