Microsoft Will Spend $5 Billion on Internet of Things Development

   By Austen Hufford

Microsoft Corp. (MSFT) will spend $5 billion over the next four years on investing in the so-called Internet of Things.

In a blog post announcing the move Wednesday, Julia White, Microsoft's corporate vice president of its Azure cloud platform and security, said the company would invest resources into helping companies as they develop new internet-connected products and services. The money will be used in various areas including cybersecurity, creating development tools, and making investments to grow its partner ecosystem, Ms. White said in the post.

Last week Microsoft announced a reorganization, downgrading the role of Windows as it focused on growing its Azure cloud-computing operations and its Office productivity business.

Dell Technologies Inc. last year said it would commit $1 billion over three years on Internet of Things research and development.

Write to Austen Hufford at austen.hufford@wsj.com

(END) Dow Jones Newswires

April 04, 2018 15:01 ET (19:01 GMT)

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