![]() Instead of creating a document and emailing it around or uploading it to Box and emailing a note about that around, Quip has chat built in to every document. Quip's big claim to fame is that it wants to kill email. That's because Quip is on an express mission to replace Microsoft Office with a modern day version of a word processor and spreadsheet. ![]() There's a bonus nose-thumbing at Google, too. Make no mistake, this deal is Salesforce CEO Marc Benioff thumbing his nose at his rival-turned-partner-turned-rival-again, Microsoft. (The SEC forms don't specify that, mentioning only that, in addition to the stock, Salesforce will assume "other equity awards" as part of the deal.) In forms filed with the SEC, Salesforce reports that it is buying Quip with $582 million worth of stock, but TechCrunch's Ingrid Lunden reports that there's a cash component as well, which will bring the total up to about $750. ![]() Salesforce surprised the tech industry on Monday by acquiring Quip, the productivity app founded by Facebook's former CTO, Bret Taylor, for a reported $750 million. Salesforce on June 1 said it plans to acquire Demandware, a digital commerce company, for $2.8 billion.Account icon An icon in the shape of a person's head and shoulders. Quip is the second acquisition unveiled by Salesforce this year. Salesforce pioneered the shift to enterprise cloud computing-and Quip has been working since 2012 to reimagine a productivity platform for teams that allows them to be more connected, more collaborative and get more work done," Bret and Gibbs wrote. "Salesforce and Quip share the same philosophy about software: It should be in the cloud, built for the mobile era, and be inherently social. The two also said they expect Quip to extend the Salesforce Customer Success Platform with its next-generation productivity capabilities that mix data, content and communications. In a Monday blog post authored by Bret Taylor and Kevin Gibbs, two former Google engineers and the co-founders of Quip, Quip expects that it will more quickly expand its service as a part of Salesforce. Salesforce spokespeople declined to provide any information about its planned acquisition except to confirm the information in the SEC filing. Securities and Exchange Commission filing, said the acquisition is expected to close by the end of its third fiscal quarter, which ends Oct. Salesforce, which unveiled the planned acquisition via a U.S. Those documents and spreadsheets can be encrypted and can be organized in folders and groups with their own permissions. Quip provides a variety of management tools as well, including the ability to share documents and spreadsheets develop task lists import and export Microsoft Office, Google, Evernote and other documents maintain edit history do searches and more. Users can add comments, images and other information directly to a document or spreadsheet, and receive notifications about changes. Quip also offers cloud-based technology that allows one-to-one direct messaging chats between team members. Documents and spreadsheets created with Quip come with a built-in chat capability that allows teams to collaborate directly without the need for email or other communication tools. San Francisco-based Quip, which was founded in 2012 and has raised about $45 million in two rounds of funding, develops a platform that combines communication and content. The value of the acquisition is about $585 million, not including an existing investment the company has in Quip via Salesforce Ventures. ![]() Salesforce Monday said it has entered into an agreement to acquire Quip, a startup developer of a team-based productivity platform that competes in the same space as Microsoft Word and Google Docs.
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