Rumor: Google Negotiating to Buy Olive for $70M+
Matt Marshall writes on SiliconBeat:
We're hearing Google is in talks to buy Olive Software, of Santa Clara, for between $70 and $80 million.More here.
Olive, which is backed with about $21 million in venture capital from Sequoia Capital and Pitango, makes a company's data files accessible from the Web. So you can see why Google might want to promote this technology: By crawling even more data, it can provide better search results.
Olive converts PDF documents, microfilm and any other files to XML, a format which can be used with any database, Web browser, or application that supports it. At the same time, Olive preserves the document's content, structure and layout.
posted by Fergie @ 5/03/2006 01:07:00 PM
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