December proves to be an active month for tech acquisitions. Following the acquisition of AppJet, recent reports suggest that Google seems keen on acquiring DocVerse.
Why DocVerse is on Google’s Radar?
Both AppJet and DocVerse operate in the domain of real-time document collaboration. However, while AppJet offers its unique software called EtherPad, DocVerse presents an intriguing proposition to Google. This is mainly due to DocVerse’s capability to bridge Google’s tools with existing Microsoft products.
Founded by two ex-Microsoft employees, DocVerse positions itself uniquely in the market. As highlighted in their About Us section, DocVerse seamlessly “combines the benefits of web-based collaboration tools like Google Docs and Zoho with the power and familiarity of Microsoft Office.” Essentially, it provides users with a tool that enables real-time sharing and editing of popular Microsoft applications such as Word, PowerPoint, and Excel.
Boosting Google Docs and Google Wave
Acquiring DocVerse could potentially amplify the attractiveness of tools like Google Docs and Google Wave. This step might elevate these platforms, making them more competitive against prevailing industry giants. This acquisition’s intent could be to merge DocVerse’s unique feature set, particularly its Microsoft integration, into Google’s suite of productivity applications.
The Financial Side of the Deal
The financial specifics surrounding this acquisition remain somewhat elusive. However, industry expert Michael Arrington estimates DocVerse’s valuation to be “around $25 million.” The timeline for finalizing this deal is yet to be ascertained.
The prospective acquisition of DocVerse by Google can be seen as a strategic move in the battle of real-time collaboration tools. By potentially bridging the gap between Google’s offerings and Microsoft’s dominant productivity applications, Google may be positioning itself to further enhance its foothold in the market.
Related Articles
