Google Wave Pushes AppJet to Sell Out to Google
Google purchased real-time document collaboration startup AppJet to fortify the Google Wave real-time collaboration platform Dec. 4. The move was a sellout from a company that felt it couldn't compete with the sheer scope of Wave and Google, Y Combinator partner Paul Graham said. Now EtherPad is no longer accepting new customers, and anyone who has registered an e-mail address with EtherPad will be e-mailed an invitation to join the Google Wave preview by Dec. 31, 2009. EtherPad users are angry, and Graham's explanation of why AppJet quit is unlikely to appease them.Google purchased real-time document collaboration startup AppJet to fortify the Google Wave real-time collaboration platform, AppJet said on its blog Dec. 4. Financial terms of the deal were not disclosed, though GigaOm reported a purchase price of $10 million. The move was a sellout by a company that felt it couldn't compete with the sheer scope of Wave and Google, one of AppJet's investors said.
Formed by several ex-Google employees, AppJet makes EtherPad, which enables users to import word processing documents, Web pages, PDFs and plain text files, and lets several them edit them at the same time. When multiple people edit the same document simultaneously, any changes are instantly reflected on everyone's screen. These sessions are saved as "pads."