Adobe to acquire Virtual Ubiquity
By siliconindia   |   Thursday, 11 October 2007, 19:30 IST
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Bangalore: Adobe Systems announced that it has signed a definitive agreement to acquire Virtual Ubiquity, a Waltham, Massachusetts based comapny, and its ground-breaking online word processor, Buzzword. The acquisition furthers Adobe's commitment to foster a vibrant ecosystem for rich Internet application (RIA) development that delivers breakthrough experiences built on Adobe AIR. Separately, Adobe added a new file sharing service to its current online document services. Codenamed 'Share,' the beta service is free and will make it easier than ever for people to share, publish and organize documents online. "For over a decade, Adobe Acrobat software and PDF have been the standard way people share and collaborate on high value documents across platforms, with perfect fidelity. Buzzword will build on that leadership and enable fundamental improvements in how people collaborate on documents," said David Mendels, Senior Vice President, Business Productivity Business Unit at Adobe. The founders of Virtual Ubiquity will be joining Adobe. "We were inspired by the way today's youth spend their lives working and playing together online, and how this is influencing the way we all think about collaboration," said Rick Treitman, CEO of Virtual Ubiquity. "This inspiration resulted in an online word processor for the 'Facebook generation' that focuses on working together online, without sacrificing quality."

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