*NEWS*ADOBE BUYS INTO WORD PROCESSING

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*NEWS*ADOBE BUYS INTO WORD PROCESSING

 user 2007-10-01 at 10:48:00 am Views: 54
  • #18820

    Adobe buys into word processing
    Adobe’s acquisition will bring it into competition with Microsoft
    Software
    company Adobe is to enter into the word processing market by acquiring
    Virtual Ubiquity.The deal means that Adobe will own the online word
    processor Buzzword, which allows a number of people to edit a document
    online.

    Adobe is best known for its publishing software such as
    Adobe Acrobat.The purchase price of for Virtual Ubiquity has not been
    disclosed but the deal reflects a trend towards to doing office work on
    the web.”We were looking for a technology to create a modern word
    processor,” said Erik Larson, Adobe’s director of marketing and product
    management.”The problem of collaborating on documents is not solved and
    we think we can solve it,” he added.