Adobe's acquisition will bring it into competition with Microsoft
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Software company Adobe is to enter into the word processing market by acquiring Virtual Ubiquity.
The deal means that Adobe will own the online word processor Buzzword, which allows a number of people to edit a document online.
Adobe is best known for its publishing software such as Adobe Acrobat.
The purchase price of for Virtual Ubiquity has not been disclosed but the deal reflects a trend towards to doing office work on the web.
"We were looking for a technology to create a modern word processor," said Erik Larson, Adobe's director of marketing and product management.
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