Microsoft to Buy Groove Networks — Can you spell Kludge?

UPDATED: Microsoft agreed to acquire collaboration software maker Groove Networks for an undisclosed sum, and will install the company’s founder and Lotus Notes creator Ray Ozzie as CTO.

Groove’s Virtual Office products let any Windows-based PC user create virtual work spaces that allow information workers all over the world to work as though they were in the same office, using the same documents. When integrated with centralized business systems, Groove adds a peer-to-peer layer that can streamline company processes with customers.