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Salesforce Snares Office 365 Rival

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.

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