Microsoft has bought San Francisco based startup LiveLoop, which allows multiple users to work together on a single PowerPoint document.
According to LiveLoop, the collaboration in PowerPoint is made possible because the service converts presentations into Web URLs, that can be viewed across multiple devices without having to install any additional software or web-hosting services.
LiveLoop said: "Liveloop will be shutting down permanently on April 24th, 2015. New user registration and presentation upload have been disabled.
"Existing LiveLoop users: if you have any data you would like to retrieve from LiveLoop, please do so before April 24th. On April 24th, all presentations and user data will be permanently deleted."
According to reports, LiveLoop was backed by New Enterprise Associates and Webb Investment Network, as both the companies listed the collaborative software maker as part of their portfolio.
Zdnet cited Microsoft as saying: "Microsoft is 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."
Microsoft has been on a buying spree lately as it has adding companies making productivity-related applications.
Previously, the software giant bought Sunrise Atelier to its portfolio, which made calendar application that could be built into other Microsoft services or can be used as a standalone feature.
