Virtual Ubiquity to be Acquired by Adobe Systems - Waltham, MA

Virtual Ubiquity, the Waltham-based developer of an online word processing application, has agreed to be acquired by Adobe Systems, a Chicago-based software company. Virtual Ubiquity's application, named Buzzword, allows individuals to work together to create documents. Terms of the acquisition, which is expected to close by the end of November, were not disclosed. Virtual Ubiquity is a privately held firm.

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