Google has stepped up its assault on Microsoft's productivity software with the acquisition of a start-up company that allows Office users to edit and share their documents on the web.
The search giant has acquired DocVerse for an undisclosed sum. "With DocVerse, people can begin to experience some of the benefits of web-based collaboration using the traditional Microsoft Word, Excel and PowerPoint desktop applications," said product manager Jonathan Rochelle, in a post on the Google Enterprise blog.
Rochelle said that DocVerse software makes it easier for users and businesses to move their existing PC documents to the cloud. Google "fell in love with what they were doing to make that transition easier," Rochelle said of DocVerse.
Google has stepped up its assault on Microsoft's productivity software with the acquisition of a start-up company that allows Office users to edit and share their documents on the web.
The search giant has acquired DocVerse for an undisclosed sum. "With DocVerse, people can begin to experience some of the benefits of web-based collaboration using the traditional Microsoft Word, Excel and PowerPoint desktop applications," said product manager Jonathan Rochelle, in a post on the Google Enterprise blog.
Rochelle said that DocVerse software makes it easier for users and businesses to move their existing PC documents to the cloud. Google "fell in love with what they were doing to make that transition easier," Rochelle said of DocVerse.
With DocVerse, people can begin to experience some of the benefits of web-based collaboration using the traditional Microsoft Word, Excel and PowerPoint desktop applications
Microsoft's business division, which makes Office, is the most profitable unit of the company, generating more than $12 billion in profit last fiscal year, more than half Microsoft's $20.4 billion overall profit.
Microsoft said in an emailed statement that Google's acquisition of DocVerse acknowledges that customers want to use and collaborate with Office documents. "Furthermore, it reinforces that customers are embracing Microsoft's long-stated strategy of software plus services, which combines rich client software with cloud services."
Microsoft will later this year launch its own Office Web Apps to coincide with the release of Office 2010.
The DocVerse deal is Google's second acquisition announcement in a week, and marks the company's fourth acquisition in less than a month.
San Francisco-based DocVerse was founded in 2007 by a pair of former Microsoft managers. The company has fewer than 20 employees, according to co-founder Shan Sinha and had raised nearly $1.5 million in funding prior to the Google deal.
According to a report on the AllThingsDigital blog, citing unnamed sources, the price of the deal was between $25 million and $30 million.
Author: Reuters
