Intuit Buys Santa Monica-based Docstoc; Price Could Hit $50 Million

Our vision is to be the ultimate destination and resource site for small businesses.

From AllThings D:

“Intuit has acquired Docstoc, the electronic document service aimed at the sale and storage of a wide variety of documents for businesses.

While the well-known Silicon Valley-based business-software company did not disclose the price it paid for the Los Angeles-area company, sources close to the situation said that it could reach $50 million, although it’s not clear if that price includes earn-outs to the staff of 50 Docstoc employees who will be joining Intuit. The unit will remain in Santa Monica, Calif., for now…

READ FULL ARTICLE [web]
Docstoc [web]

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s