US/World News

Microsoft buys haredi-founded tech firm

NEW YORK (JTA) – Microsoft has purchased a software company created and run by a Chasidic Jew from the Satmar village of Kiryas Joel in New York. The purchase price of FieldOne, a New Jersey-based company’s whose software helps companies manage employees when they are out on assignment, has not been disclosed. However, Geektime, a site that covers tech and start-up news, described the deal as “one of the largest exits for a Chassidic, or Haredi, company.” Shloma Baum, the company’s founder, president and chief technology officer, is a Satmar Hasid who taught himself several computer languages. He is “part of a growing movement of haredi startup entrepreneurs in both Israel and the diaspora,” according to GeekTime.

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