Microsoft has quite the appetite for productivity startups as of late, and the company is continuing its acquisition spree with LiveLoop, a company that takes PowerPoint presentations and allows people to broadcast them on the internet. The terms of the deal were not disclosed.
LiveLoop posted a notice to its website that the company’s platform will be shutting down on April 24, but did not provide further explanation about why. The company will be deleting all presentations and user data on its platform after that point.
“Microsoft is excited to welcome the talented team from LiveLoop to help build great collaboration across Office applications, as part of our strategy and vision to reinvent productivity,” a spokesperson for the company said in a statement emailed to GeekWire.
LiveLoop’s technology will be a benefit for Office, at a time when Microsoft is facing increased competition in the productivity space. Google, Amazon, Apple and others are all pushing their own productivity suites (complete with collaboration features), and Microsoft needs to continue innovating to compete.
The deal is part of a line of productivity app acquisitions by the Redmond-based company. Microsoft previously purchased Email app maker Acompli (which went on to provide the foundation for the new Outlook app on iOS and Android) and Sunrise, the popular cross-platform calendar app.