(Reuters) - Cloud-based software maker Salesforce.com Inc (N:CRM) said on Monday it agreed to acquire document-editing startup Quip for about $582 million.
Salesforce has an existing investment in Quip, whose word-processing platform is designed to be used by teams to edit documents or spreadsheets on mobile devices, wearables and desktops.
Quip will be a wholly owned subsidiary of Salesforce once the deal closes.
Quip Chief Executive Bret Taylor, former chief technology officer of Facebook Inc (O:FB), was appointed to Twitter Inc's (N:TWTR) board last month.