CWS Acquired by Google

FOR IMMEDIATE RELEASE

Today we're excited to announce that CWS was aquired by Google for $80.5 million. "It's an exciting day for us", said Alan De Keyrel, who was playing Guitar Hero when we called. "We were holding out for $100 million", said De Keyrel, "but then we decided that another 20 million wouldn't affect our ability to play video games all day."

Continuing its trend of gobbling up promising Web 2.0 startups, Google (NSDQ: GOOG) acquired CWS, the developers of GroupLoop.com. GroupLoop allows users to store and work with text documents on the Web and had been hailed a threat to Google Groups. Users can share selected documents, manage a group calendar, and post messages.

Google declined to discuss its plans for GroupLoop. "We acquired GroupLoop for the innovative technology and talented design team", Google spokesman Larry Fudder said in an e-mailed statement.

Google has become an aggressive acquirer of innovative software startups in recent years. Last year, it snapped up Measure Map, a blog traffic tracker. Other recent Google purchases include radio advertising platform dMarc and video sharing social platform YouTube.

"Nothing will change here at CWS", said Lyle Mullican, "except it might take a little longer for us to answer the phone". When questioned as to why this would be, Lyle said, "It takes time to pause the game console".