Mergers and Acquistions News
Categories: Software
March 10th 2010, 16:55PM
Internet search giant Google has acquired DocVerse, a creator of Microsoft Office collaboration software, in what is being seen as another shot in the war between Google and Microsoft.
Founded in 2007 by former Microsoft executives Shan Sinha and Alex DeNeui, DocVerse has been lauded as the first-ever product to enable real-time sharing and editing of Microsoft Word, PowerPoint and Excel documents.
The acquisition was made for $25 million (£16.7 million), according to the Wall Street Journal, in a move that may help the search company to get ahead of rival Microsoft in the transition from desktop to online software.
"As we continue to improve Google Docs and Google Sites as rich collaboration tools, we're also making it easier for people to transition to the cloud, and interoperate with desktop applications like Microsoft Office," Google stated in a blog post.
Google has been hot on the acquisitions trail in recent months, with Admob, Gizmo5, Teracent, AppJet, reMail and Picnik all picked up by the company since November.
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