Yahoo Buys India's Bookpad, Docspad

Chris CrumBusiness

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Yahoo has acquired Bangalore-based Bookpad, makers of Docspad, which enables application developers to add document creation and collaboration features to their apps.

The news was reported earlier by The Times of India, whose sources said the price was just under $15 million. Yahoo hasn't confirmed the price, but it did confirm the acquisition to TechCrunch, saying:

We have acquired Bookpad, the company behind the Docspad product. The team will join our communications organization in Bangalore, where they will work on strengthening the Yahoo Mail experience. We’re excited for the expertise and knowledge that the team brings with them, and can’t wait to get to work collaborating with them.

Other reports have the price closer to the $8 million range.

We're not sure if Docspad has anything to say about the acquisition, because their blog is not functional at the moment. You can check it out later here if you want.

Image via Docspad

Chris Crum

Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.