Thursday, July 21, 2005 - Microsoft to Pay Undisclosed Sum for FrontBridge - Microsoft to Pay Undisclosed Sum for FrontBridge: "For Microsoft, the deal marks another step in its recent effort to beef up its ability to deal with software woes at large companies. Among other things, the company has been working on 'managed services,' which are software-based offerings such as email, instant messaging and security checks, that Microsoft would run on behalf of customers.
Microsoft executives see such services as one of the best ways for the company to compete with International Business Machines Corp. for business customers. The FrontBridge deal also puts Microsoft in closer competition with Symantec, Cupertino, Calif., the leading maker of antivirus software. FrontBridge's services also can be used for archiving electronic messages for regulatory-compliance purposes."

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