WebFives founder returns to Microsoft -- with his startup
Seattle PI | at | by Mike
Michael Toutonghi is headed back to Microsoft after selling his Seattle Internet startup, WebFives, to the software maker in a deal of undisclosed size.
Toutonghi described the deal as an asset sale, declining to comment when asked if it was a positive financial result for him or his investors.
"I am happy with the outcome," said Toutonghi, who launched the startup under the name Vizrea in early 2006.
WebFives, which allowed users to share videos, photos and other Web content between devices, will be shut down by the end of the year. Some of the technology will be incorporated into Microsoft services.