2016Aug02
0

Salesforce buys collaboration-software maker Quip for $582 million

Salesforce.com Inc. will get profitability programming producer Quip Inc. for about $582 million in stock, Salesforce said Monday in a corporate recording.

Salesforce said in the documenting that the price tag rejects a past speculation by Salesforce Ventures, which is undisclosed.

To Salesforce's online deals and advertising administrations, the arrangement will include programs for making reports and spreadsheets. Joke's items, which are intended for cooperation utilizing cell phones, rival Microsoft Corp's. MSFT, +0.11% Office and Alphabet Inc's. GOOGL, - 0.28% Google Docs and additionally applications from an assortment of littler organizations.

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