Sunday 25 September 2016

Salesforce to buy document-editing startup Quip for about $582m

Anya George Tharakan

Published 02/08/2016 | 08:07

American tech billionaire Marc Benioff.
American tech billionaire Marc Benioff.

Cloud-based software maker Salesforce said on Monday it agreed to acquire document-editing startup Quip for about $582m.

  • Go To

Salesforce has an existing investment in Quip, whose word-processing platform is designed to be used by teams to edit documents or spreadsheets on mobile devices, wearables and desktops.

Quip will be a wholly owned subsidiary of Salesforce once the deal closes.

Quip Chief Executive Bret Taylor, former chief technology officer of Facebook, was appointed to Twitter's board last month.

Reuters

Read More

Promoted articles

Editors Choice

Also in Business