OffiSync
Microsoft Office Extension
Company Overview
Snapshot
Founded in January 2010 by Oudi Antebi and Roy Antebi, OffiSync operated with 1–10 employees. The company was acquired by Jive Software in May 2011.
Business overview
OffiSync developed a software extension for Microsoft Office 2003, 2007, and 2010, enhancing core functionalities of MS Word, Excel, and PowerPoint. Its technology provided real-time co-authoring capabilities and enabled users to save and manage files on the cloud through Google Apps and other collaboration platforms. The company operated within the Business Software sector, targeting enterprises with solutions for document management and cloud integration.
Strategic signal
The acquisition of OffiSync by Jive Software in May 2011 for an estimated $25 to $30 million highlights the strategic value placed on integrating collaboration tools directly into widely used enterprise software. This move allowed Jive to expand its social business platform by incorporating OffiSync's Microsoft Office plugin, which facilitated Office-to-Office collaboration and cloud syncing, signaling a market trend towards seamless productivity and real-time co-authoring within established ecosystems.
Log in to access full profile ›Company Intelligence Q&A
- When was OffiSync acquired?
- OffiSync was acquired by Jive Software in May 2011.
- What was the estimated acquisition amount for OffiSync?
- The acquisition of OffiSync by Jive Software was estimated to be between $25 million and $30 million.
- What was OffiSync's primary product?
- OffiSync developed a software extension for Microsoft Office that provided real-time co-authoring capabilities and cloud file management through platforms like Google Apps.
- Who were the founders of OffiSync?
- OffiSync was founded by Oudi Antebi and Roy Antebi.
- What was the strategic rationale behind Jive Software's acquisition of OffiSync?
- Jive Software acquired OffiSync to integrate its collaboration layer into Microsoft Office applications, aiming to enhance its social business platform and expand its reach among Microsoft users by offering improved Office-to-Office collaboration and cloud syncing capabilities.