An Indian Civilizational Perspective

Google acquires JotSpot – another guy becomes Super Rich

Here is another acquisition by Google and someone becomes rich! Well.. I guess the best way to riches is to start something real neat and hope that you get bought out by Google or Yahoo or MSN! Google has made so many young guys really rich!!

JotSpot co-founder and CEO Joe Kraus announced the acquisition on a blog Tuesday morning, saying that being part of search giant Google will give JotSpot access to “world-class” data centers and engineers.

Details of the transaction were not disclosed.

Joe KrausEarlier this month, Google shook up the online landscape with its $1.65 billion purchase of video-sharing phenomenon YouTube.

Google’s efforts to offer hosted applications, such as word processors and spreadsheets, mesh with JotSpot’s strategy to build online productivity applications, Kraus wrote.

“We watched them acquire Writely, and launch Google Groups, Google Spreadsheets and Google Apps for Your Domain. It was pretty apparent that Google shared our vision for how groups of people can create, manage and share information online,” he wrote.

JotSpot’s product is a platform for building wiki-based applications. For example, the company has an online spreadsheet and calendar that multiple people can edit.

The Palo Alto, Calif.-based company has sold its wiki system primarily to business customers as hosted collaboration software. Wikis are catching on within businesses as lightweight alternative to large-scale document management systems.


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