Adobe Inc. buys free online Word Processor firm Virtual Ubiquity
Here comes, A new player in online Word processing game. Sources say, Adobe Systems has officially entered the “Web office” game. it has acquired an 11-person start-up, called Virtual Ubiquity, that has built a free Web word processor called Buzzword. Financial terms were not disclosed.
The move expands Adobe’s collaborative software services and steps up its competition with Microsoft. Google and a host of other Web application providers.
Adobe also is scheduled to announce a service, code-named Share, that allows people to invite others to view and access documents stored by Adobe. Documents can be embedded inside a Web page as well. The service, which is still in testing mode, will offer users one gigabyte of storage for free.
Adobe is also set to release its own Media Player version 1.0 in the first half of next year.
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