Internet
Google Buys JotSpot
Marcus Yam (Blog) - October 31, 2006 4:45 PM
As the start-up buffet continues
In Google's game of acquisition Pac-man, wiki company JotSpot plays the
latest pellet to be gobbled up. Joe Kraus, co-founder and CEO, of
JotSpot revealed in a blog entry about how well his company will fit-in and benefit from being under Google's roof.
"As we built the business over the past three years Google consistently
attracted our attention," Kraus wrote. "We watched them acquire
Writely, and launch Google Groups, Google Spreadsheets and Google Apps
for Your Domain.
"It was pretty apparent that Google shared our vision for how groups of
people can create, manage and share information online. Then when we
had conversations with people at Google we found ourselves completing
each other's sentences," he continued. "Joining Google allows us to
plug into the resources that only a company of Google's scale can
offer, like a huge audience, access to world-class data centers and a
team of incredibly smart people."
Kraus says that the next step will be incorporating JotSpot with Google
Spreadsheets and Writely, which Google also acquired earlier this year.
JotSpot will also try to expand its audience for wiki by levering
Google's name and far reaching influence.
JotSpot's wiki technology allows users to create rich web-based
spreadsheets, calendars, documents and photo galleries without the need
for HTML knowledge. Businesses are using JotSpot to manage projects,
build an intranet, share files and stay in sync with colleagues and
customers.
Financial terms of the deal were not disclosed.
This marks the latest in a string of Google acquisitions. Google grabbed YouTube earlier this month for $1.65 billion in stock.
"A politician stumbles over himself... Then they pick it out. They edit it. He runs the clip, and then he makes a funny face, and the whole audience has a Pavlovian response." -- Joe Scarborough on John Stewart over Jim Cramer
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