Google Acquires Writely

Google Inc. bought the Silicon Valley start-up Upstartle, creators of Writely , high quality internet word processing software.

Writely lets users compose documents on the Web and share them with others as well as blog them. Upstartle released a test version of Writely software last August.

The acquisition puts Google in direct competition with Word software from Microsoft and signals the intention of Google to expand its reach into Microsoft products.

Source: Bloomberg News

Upstartle has just four employees. Looks like it is dotcom 2 boom time again. Let the good times begin.