Microsoft Acquires Vexcel

Microsoft Corporation is in the process of acquiring Vexcel Corporation. This is officially confirmed to GIM International by Jerry Skaw of Vexcel Corporation, Vexcel's marketing communications manager.

"The acquisition is part of Microsoft's exciting vision to deliver a dynamic ... digital representation of the real world that provides the best local search and mapping experience to consumers, businesses and government," Jerry Skaw, commented to The Daily Camera.

Regulatory approvals in the United States, Germany and Italy are pending, so Skaw declined to comment on details of the transaction, including a sales price or any anticipated changes to Vexcel's employee count.

But Vexcel's operation will remain in Boulder, he said. He wouldn't say whether the site would adopt the Microsoft name.