Yahoo has announced its acquisition of ‘Bookpad’—a one-year-old Bangalore-based startup—for a whopping $15 million!
DocsPad, the company’s enterprise software product, had gained widespread attention because of its ability to allow users to view, edit, and annotate documents in any format (PDF, MS Word, MS PowerPoint, etc.) within a website or app. The product works across devices and does not require downloading of plug-ins or desktop software.
Bookpad was founded by IIT-Guwahati graduates Aditya Bandi, Niketh Sabbineni, and Ashwik Battu.
Source: Technopark Today