Microsoft acquires Swiftkey keyboard for $250 million
Big news from software giant Microsoft! Today Microsoft acquires SwiftKey predictive keyboard company. Yes Microsoft acquires Swiftkey in $250 million. Swiftkey is maker of a popular predictive keyboard. Currently it is installed on more than 300 million Android and iOS smartphones. Microsoft is planning to keep developing of the keyboard app for Android and iOS. Microsoft already launched its own keyboard named as Word Flow keyboard for Windows Phone. The Word Flow keyboard will come for iOS soon, but the company is now planning to integrate SwiftKey into its Word Flow keyboard for Windows.
Swiftkey co-founders Jon Reynolds and Ben Medlock are expecting around $30 million individually from Microsoft. The acquisition of Swiftkey is something of an arms race in Silicon Valley right now. Google is leading the way with their far-reaching DeepMind research. SwiftKey estimates that its users have saved nearly 10 trillion keystrokes, across 100 languages, saving more than 100,000 years in combined typing time. These results are very impressive results for an app. According to the official blog of Swiftkey:
We’re excited to announce an important milestone on SwiftKey’s journey. As of today, we have agreed to join the Microsoft family.
After the Microsoft acquires Swiftkey some changes will be seen by the users. The company will continue to develop SwiftKey’s market-leading keyboard apps for Android and iOS. It will explore scenarios for the integration of the core technology across the breadth of our product and services portfolio. Executive Vice President, Technology and Research at Microsoft Harry Shum wrote in the blog Post:
I’m pleased to announce that Microsoft has entered into a definitive agreement to acquire SwiftKey, whose highly rated, highly engaging SwiftKey software keyboard and SDK powers more than 300 million Android and iOS devices. In this cloud-first, mobile-first world, SwiftKey’s technology aligns with our vision for more personal computing experiences that anticipate our needs versus responding to our commands, and directly supports our ambition to reinvent productivity by leveraging the intelligent cloud.
— SwiftKey (@SwiftKey) February 3, 2016