Google Buys EtherPad Maker for Google Wave
Google today said itÃ¢â‚¬â„¢s acquired AppJet, a web collaboration startup, for an undisclosed amount that is around $10 million. AppJetÃ¢â‚¬â„¢s EtherPad product will be shutting down in March and the team will join the Google Wave group.
The deal indicates GoogleÃ¢â‚¬â„¢s intent to make the inscrutable Wave a productivity tool, rather than something more social. EtherPad is somewhat similar to Google Docs, showing a synchronized document modifiable by a group of participants. The company had introduced cool tools such as a Ã¢â‚¬Å“time-sliderÃ¢â‚¬Â that displayed the chronological revision history of a document.
Read more: gigaom.com