Microsoft is acquiring LiveLoop, an online service for sharing PowerPoint presentations, for an undisclosed amount.
Although neither company has officially announced the news, LiveLoop posted a notice on its website that it would shut down permanently on April 24.
“New user registration and presentation upload have been disabled,” the notice reads.
“Existing LiveLoop users: if you have any data you would like to retrieve from LiveLoop, please do so before April 24. On April 24, all presentations and user data will be permanently deleted.”
Microsoft told ZDNet it was “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.”
LiveLoop technology turns PowerPoint presentations into a URL that can be shared and viewed.
Microsoft has not said how LiveLoop’s system will be incorporated into its Office products, but LiveLoop is compatible with Windows and Mac, and can be used on any computer, tablet, or mobile phone.
Microsoft most recently acquired calendar app maker Sunrise to the tune of more than $100 million.
Last year, the software giant snapped up cloud-based customer service provider Parature Inc. for $100 million and mobile e-mail start-up Acompli for $200 million.