Adobe to acquire Buzzword

Adobe signed a definitive agreement to acquire Virtual Ubiquity and its groundbreaking online word processor, Buzzword. Terms of the agreement were not disclosed.

The acquisition will further Adobe's leadership in rich internet application (RIA) development and enable fundamental improvements in how people collaborate on documents. Adobe plans to invest in Buzzword, leveraging the Adobe® AIR™ runtime and integrating the application with Adobe's existing online document collaboration services, including: Create Adobe PDF Online to easily create PDF files online or from the desktop; Adobe Document Center to help people retain control of documents and track their usage; and Adobe Acrobat® Connect™ software for affordable web conferencing.

Press release: http://www.adobe.com/aboutadobe/pressroom/pressreleases/200709/100107VirtualUbiquity.html More info: http://www.adobe.com/special/buzzword/faq.html

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