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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.
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