Quip

Quip — the American company founded in 2012 offering office software for joint work with documents and spreadsheets, notes, corporate and individual chats. The Quip service competing with Microsoft Office and Google Docs can work on mobile devices, desktop computers and wearable electronics.

A co-founder of Quip is the former technical director of Facebook Bret Taylor. By the beginning of August, 2016 Quip attracted in total $46 million investments, including from Salesforce.com.

2016: Salesforce.com buys Quip for $582 million

On August 1, 2016 the producer of corporate cloud solutions Salesforce.com announced Quip purchase more than for half a billion dollars, having continued series of acquisitions.

Merger of Quip will cost Salesforce $582 million which do not include investments of Salesforce Ventures fund. After closing of the transaction which should take place by the end of October, 2016 Quip will become for the buyer completely subsidiary company.

Salesforce.com buys competitors of Microsoft Office

Having been a part of Salesforce, we will be able quicker to expand possibilities of our service and to attract millions of people worldwide — the founder and the CEO of Quip Bret Taylor said.

According to him, Quip, in turn, will complement the Salesforce CRM platform with new generation of office functions ensuring functioning with different data, communications and transfer of content.

According to the TechCrunch edition, all staff of 40 employees of Quip will remain on the places, including Bret Taylor.

It should be noted that in 2016 Salesforce became more active regarding acquisitions in the market. At the beginning of June the company announced merger of developer of the platform for e-commerce of Demandware for $2.8 billion (the purchase of Salesforce largest at that time), and on July 21 Salesforce announced acquisition of a startup of Coolan developing software for monitoring of the equipment of data centers and prediction of errors in work.^[1]

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