Adobe has officially acquired Virtual Ubiquity. This seems to indicate that Adobe is interested in competing in the online productivity space.
“We were inspired by the way today’s youth spend their lives working and playing together online, and how this is influencing the way we all think about collaboration,” stated Rick Treitman, chief executive at Virtual Ubiquity.
Through the acquisition, Adobe will also gain ownership of Buzzword, an online word processor product. Buzzword will be integrated into Air (Adobe Integrated Runtime) platform.
Buzzword was created using Adobe Flex and runs on Adobe Flash. When Buzzword gets integrated into Air, then the application will be available online and offline. “This inspiration resulted in an online word processor for the ‘Facebook generation’ that focuses on working together online without sacrificing quality,” added Treitman.
The financial details were undisclosed. Before the acquisition, Adobe was an investor in Virtual Ubiquity.
