Microsoft statement about Vexcel
Microsoft has entered into an agreement with Vexcel Corporation to acquire the company. The agreement requires regulatory approval in the United States and in certain EU countries (Germany and Italy). More details will be available once the deal is closed.
The acquisition is part of Microsoft’s exciting vision to deliver a dynamic, immersive digital representation of the real world that provides the best local search and mapping experience to consumers, businesses and government. Vexcel’s people, products, and services will play a key role in helping Microsoft deliver on this vision.
My previous post provides a few sentences on the relevance of the acquisition to Microsoft's mapping endeavors.