Catapult Advisors LLC, a leading software and internet industry investment bank and M&A advisory, announced today the sale of its client, Tonic Systems Inc., to Google Inc.
Source: Catapult Advisors LLC
Jun 26, 2007 17:36:40
PRLog.org – SAN FRANCISCO, APRIL 17 /Catapult Advisors LLC, a leading software and internet industry investment bank and M&A advisory, announced today the sale of its client, Tonic Systems Inc., a leading provider of technology for presentation creation and document conversion, to Google Inc. (Google; NASDAQ: GOOG), the global leader in organizing the world’s information to make it universally accessible and useful.
Google spokesman Sam Schillace, Engineering Director, had this to say about the acquisition of Tonic on the companyÕs Official Blog: First of all, we want to welcome the team from Tonic Systems to Google. Tonic, which we’ve just acquired, is based in San Francisco and Melbourne, Australia. They have some great technology for presentation creation and document conversion, and it will be a great addition as we add presentation sharing and collaboration capabilities to Google Docs & Spreadsheets.
We’ve already freed those of you working in teams from the burdens of version control and email attachment overload when going back and forth on word processing and spreadsheets. It just made sense to add presentations to the mix; after all, when you create slides, you’re almost always going to share them. Now students, writers, teachers, organizers, and, well, just about everyone who uses a computer can look forward to having real-time, web-based collaboration across even more common business document formats.
About Catapult Advisors LLC
Catapult Advisors is an investment bank and M&A advisory firm serving the software and internet sectors. Founded in 2001, the firm provides both sell-side and buy-side representation to privately-held companies, public companies, and several of the world’s leading private equity firms. Catapult has advised and guided software and internet companies in the United States, Canada, Europe, Asia Pacific, and Israel. For more information, visithttps://www.catapultadvisors.com/.
About Tonic Systems
Tonic Systems is a San Francisco-based company that provides Java presentation automation products and solutions for document management – Tonic Systems Builder, Tonic Systems Filter, Tonic Systems Transformer, Tonic Systems Viewer, and Jar Jar Links. Features of their products included text extraction for indexing documents, presentation creation capabilities and document conversion tools.
About Google Inc.
Google’s innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top web property in all major global markets. Google’s targeted advertising program provides businesses of all sizes with measurable results, while enhancing the overall web experience for users. Google is headquartered in Silicon Valley with offices throughout the Americas, Europe and Asia.
CONTACT: Ron Lissak of Catapult Advisors LLC, +1-415-593-4520