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Ex-Facebook CTO sells word processor Quip for $582 million to Salesforce

A young word processing app just found a new home — for a pretty hefty price tag.  Salesforce, the cloud software giant, has acquired Quip for $582 million, according to the company’s filings with the Securities and Exchange Commission Monday.  Founded in 2012, Quip began as a mobile-oriented word processor and collaboration tool that competed with the likes of Microsoft Office and Google Docs. Quip works on PCs, yet the company said in blog post…

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Source – Mashable:
Ex-Facebook CTO sells word processor Quip for 2 million to Salesforce

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