Member Article

Microsoft snaps up Swiftkey for £170m

American giant Microsoft has splashed out $250m (£170m) on London-based artificial intelligence firm Swiftkey.

The software firm, which is most well-known for its predictive keyboard found on millions of smartphones, was founded in 2008 by Jon Reynolds and Ben Medlock and also provides the software that powers Prof Stephen Hawking’s wheelchair.

It is believed the acquisition is part of Redmond-based Microsoft’s strategy to move away from hardware and turn its focus towards software, a move which the UK company will now form a central part.

In a blog post on their website, co-founders Jon Reynolds and Ben Medlock, explained how the deal would not affect their current iOS and Android offerings and explained: “Our number one focus has always been to build the best possible products for our users.

“This will not change. Our apps will continue to be available on Android and iOS for free. We are as committed as ever to improving them in new and innovative ways.”

They added: “At times like this people tend to focus on founders. However, the heart of our company is the awesome team who chose to share this journey with us.

“We want to take this opportunity to thank them for their dedication and hard work. We never would have come this far without you.”