Yahoo Buys India Based Startup Bookpad

Yahoo acquires Bangalore based startup Bookpad that hosts cloud-based documents. Bookpad is the maker of Docspad that allow the users to add document viewing, annotations and editing features within their own applications.

“We built Docspad for a singular purpose: any app out there that deals with documents should be able to let the users open, edit and collaborate on those documents, from right inside the app.” Co-founder and CEO of Docspad, Aditya Bandi explained in a recent blog post “Docspad is very simple to integrate into an App, and also fully-customisable. It also works across all devices and OSs. It is one of the easiest solutions for developers who want to display Word, Powerpoint, Excel and PDF documents inside the applications. Developers can now easily convert documents types like word to html5.Integrating with Docspad saves a lot of development time-and-effort, and provides the end-user with a great experience within the app.”We built Docspad for a singular purpose: any app out there that deals with documents should be able to let the users open, edit and collaborate on those documents, from right inside the app.”

Yahoo said the staff of Bookpad will now move to Silicon Valley as part of the deal. “Getting acquired by Yahoo puts Bangalore on the global startup map. We will do everything it takes to match Silicon Valley and become the world’s favourite startup hub,” said secretary Srivatsa Krishna.

With this acquisition users are expecting that Yahoo will bring features similar to Google Docs-in it’s Yahoo Mail service so that users can share and edit documents. When you will receive any documents as email attachments in Yahoo Mail, you can open, edit and save them on the cloud and can access emails on your mobile device on the go.

Yahoo has also confirmed the deal saying:

“We have acquired Bookpad, the company behind the Docspad product. The team will join our communications organization in Bangalore, where they will work on strengthening the Yahoo Mail experience. We’re excited for the expertise and knowledge that the team brings with them, and can’t wait to get to work collaborating with them.”