Google acquires DocVerse, has eyes set on Microsoft Office?

The battle for "cloud" supremacy takes to the skies as Google acquires DocVerse, a small company that created a program that allows MS Office users to collaborate online.
The estimated $25-$30 million deal leads us to believe that Google is poising itself to go head-to-head with MS Office 2010 - Microsoft's newest money-sucker productivity tool that promises, of all things, seamless online collaboration through better use of the cloud.
Google is no stranger to office applications. Google Docs has been around for a while and it's been evolving at a steady pace ever since it was created. One thing that it could never really pin down, though, is full compatibility with MS Office files. Text, image, and paragraph formatting usually disappear once a file has been uploaded.
With DocVerse joining the fold, we can expect these issues to be resolved allowing Google Docs to take a revolutionary step into the future. And that can't be good news for Microsoft - no way, no how.
Source DocVerse
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Great for online teaching and collaborating. I use it for working on my designs with other in my field.
Its free and pretty simple - you just upload your file and invite others to view it together.
- Laura W.