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08-02-2016, 06:32 AM
Ex-Facebook CTO sells word processor Quip for $582 million to Salesforce
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A young word processing app just found a new home — for a pretty hefty price tag.*
Salesforce, the cloud software giant, has acquired Quip for $582 million, according to the company's filings (http://investor.salesforce.com/about-us/investor/financials/sec-filings-details/default.aspx?FilingId=11516339) with the Securities and Exchange Commission Monday.*
Founded in 2012, Quip began as a mobile-oriented word processor and collaboration tool that competed with the likes of Microsoft ****** and Google Docs. Quip works on PCs, yet the company said in blog post (https://quip.com/blog/introducing-quip) that it "shines on phones and tablets." Collaboration was also easier to visualize through a highlighted feed of updates.
The mobile focus is **t surprising given the founder's history. Quip CEO Bret Taylor was the co-creator of Google Maps, founder of social network FriendFeed (which was acquired by Facebook in 2009) and later the chief tech**logy ******r of Facebook during its aggressive push to mobile. Read more... (http://mashable.com/2016/08/01/salesforce-quip-deal/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Google (http://mashable.com/category/google/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Microsoft (http://mashable.com/category/microsoft/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Quip (http://mashable.com/category/quip/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Salesforce (http://mashable.com/category/salesforce/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1470101683 (http://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1470101683)
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A young word processing app just found a new home — for a pretty hefty price tag.*
Salesforce, the cloud software giant, has acquired Quip for $582 million, according to the company's filings (http://investor.salesforce.com/about-us/investor/financials/sec-filings-details/default.aspx?FilingId=11516339) with the Securities and Exchange Commission Monday.*
Founded in 2012, Quip began as a mobile-oriented word processor and collaboration tool that competed with the likes of Microsoft ****** and Google Docs. Quip works on PCs, yet the company said in blog post (https://quip.com/blog/introducing-quip) that it "shines on phones and tablets." Collaboration was also easier to visualize through a highlighted feed of updates.
The mobile focus is **t surprising given the founder's history. Quip CEO Bret Taylor was the co-creator of Google Maps, founder of social network FriendFeed (which was acquired by Facebook in 2009) and later the chief tech**logy ******r of Facebook during its aggressive push to mobile. Read more... (http://mashable.com/2016/08/01/salesforce-quip-deal/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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