Tuesday, October 31, 2006

Goog buys Joe's Jotspot

"Google Inc., expanding its efforts at providing software that helps users create and post their own materials on the Internet, has acquired a California startup that develops online collaboration tools known as wikis."

Notes: This is a technology and management acquisition. Joe Krause, co-founder of excite@home should contribute significantly to the wiki/collaboration group w. in GOOG. Acquisition value probably less than $50m. Competitors in the space like Socialtext are struggling to gain market adoption.

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