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Yahoo acquires document viewing solution provider Bookpad for Rs 50 crores: Report

Bangalore-based document viewing solution provider Bookpad has been acquired by Yahoo in a deal worth Rs 50 crores, reports the Economic Times. Note that neither Yahoo nor the founders of Bookpad have confirmed the acquisition. Bookpad currently competes in the document viewing space with its flagship product Docspad, which allows clients to create and format text documents online and collaborate in real-time. The differentiation between Docspad and competitors like Google Docs and Crocodoc is that it focuses on enterprise clients exclusively and allows them to modify the product based on their own requirements. The product provides a set of APIs to app developers which can be used to provide document handling tools within their respective applications. Developers can embed various document formats (docx, pdf, ppt, xls etc.) in their app which can then be edited, previewed, managed etc. from the app…

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