Salesforce Snares Office 365 Rival
Cloud CRM software vendor Salesforce has acquired Quip, a cloud-based word processing service that is offering a challenge to Microsoft’s Office 365 and Google Drive.
Quip’s cloud-based software is built for use on mobile devices. It lets a number of users create documents and work on them together.
Salesforce was already an investor in Quip – which was devised by former Facebook chief technology officer and Google engineer Bret Taylor, now Quip CEO – through its venture fund, Salesforce Ventures.
Quip is free for individual users. Small companies pay $12 per user per month. Larger enterprises pay $25 per user. Customers are said to include Facebook, Electronic Arts, CNN and software analytics outfit New Relic.
NYSE-listed Salesforce was founded in 1999 by former Oracle exec Mark Benioff, while his former boss, Oracle chief Larry Ellison, is said to have been a major investor.