Yahoo! has acquired an online document creation and collaboration service company called Bookpad, which is known for making Docspad. Docspad is a service where developers can add document viewing and editing features in their own applications. The deal is believed to be worth around $8.3 million. The terms of the deal were undisclosed. Bookpad was founded by graduates from the Indian Institute of Technology (IIT) Guwahati: Aditya Bandi, Niketh Sabbineni, and Ashwik Reddy. Investors in Bookpad include NASSCOM and Microsoft Ventures.