Google Goes Wiki With JotSpot Acquisition

| About: Alphabet Inc. (GOOG)
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Google's Gone Wiki [Motley Fool]

Summary: Continuing along its steady acquisition trail, Google announced yesterday that it had acquired JotSpot, a company which provides tools through which people can create wikis for collaborative work online (think Wikipedia). According to JotSpot CEO Joe Kraus, "It was pretty apparent that Google shared our vision for how groups of people can create, manage and share information online." jotspotJotSpot already has a formidable customer base consisting largely of business customers as well as individual and family users (a good way to coordinate an evolving menu for your family reunion?). And in opposition to some of Google's other acquisitions (YouTube comes to mind), JotSpot is already close to being profitable -- it provides not only free services but for-pay products as well. Financial details of the deal were not available.
Related links: Google Apps: A Long-Term Threat to Microsoft's Packaged Software BusinessGoogle Apps: Free, User Friendly and Ready to Kick Your ButtGoogle + YouTube = Natural MonopolyPaul Kedrosky's Takeaways From the GooTube AcquisitionSell-Side Reaction to the Google-YouTube DealGoogle Building New 'Features' - Not ProductsGoogle Acquires Web Applications Pioneer JotSpotGoogle Buys JotSpot to Expand Online Document-Sharing Service [ WSJ]
Potentially impacted stocks and ETFs: Yahoo (YHOO), (NASDAQ:AMZN) • First Tr DJ Internet Index (NYSEARCA:FDN)

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