Yahoo buys Indian startup Bookpad for document viewing and editing capabilities
Summary
Yahoo has bought a Bangalore-based startup called Bookpad, which helps developers let users view, organize and collaboratively edit documents from within their apps. The value of the deal is unclear – the Times of India has it at $15 million while sister publication the Economic Times says the price was around $8.3 million – but either way it’s a good result considering the company is just a year old. The company has six employees, who will join Yahoo’s Bangalore engineering team. As [company]Facebook[/company] bought app analytics and monitoring company Little Eye Labs and Google bought anti-spam outfit Impermium earlier this year, with both startups coming out of Bangalore, there is understandable excitement over the city’s growing profile in the tech world. “We will do everything it takes to match Silicon Valley and become the world’s favourite startup hub,” Karnataka state IT chief Srivatsa Krishna said, according to the Economic Times.