Google Buys Startup AppJet, Shuts It Down

Wave jet

Google has bought a small company called AppJet. The team will join the Google Wave team, it announced in a blog post.

It will discontinue its existing service, EtherPad, in March 2010.

No financial terms disclosed, but it was probably a small deal. AppJet has raised $715,000 in angel and seed funding, according to CrunchBase.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at