Google Buys Collab Software Firm Tonic Systems

Google has made a small tech acquisition for its suite of collaboration/office services: it has bought Tonic Systems, a startup based in San Francisco and Melbourne, Australia. The company specializes in collaborative presentation software and is expected to contribute to future versions to Google’s productivity suite. Google CEO Eric Schmidt, speaking today at Web 2.0 Expo, also mentioned that the company is launching a PowerPoint competitor. Google will give away two versions of the presentation software starting this summer, and it will sell a “Premier” version with extra storage for $50 per year.
More details here and here.