Microsoft Provides SRS With Equity Investment

SRS Labs Inc., a Santa Ana developer of audio technology, said Thursday that it has received an equity investment from Microsoft Corp. as part of a technology and marketing alliance with the software giant.

The amount of the investment wasn't specified.

SRS said it will use its technology to complement Microsoft's Internet audio, telephony and gaming products. Shares of SRS gained $1.63 a share, or 8.5%, to close Thursday at $20.75 in Nasdaq trading.