Joyent Buys TextDrive

Joyent Buys TextDrive: "More open-source, collaboration joy in the Bay Area. Joyent has taken the open-source Ruby-On-Rails framework and offers a file-sharing and a suite of shared applications including: calendaring, rolodex, email, and a file-server in a Web-based interface. The cost is about $5K flat, no matter how big your office. The product allows users to tag email, reports, etc. and all output can be served via RSS. The interest is clear. Many small companies do not want to pay for the full Microsoft server deployment and now there are ways to get something like it on the cheap. But there are a lot of choices and many people will be afraid to go with an unknown company that might not be around in a market shake-out. By acquiring TextDrive, Joyent gains an ASP platform so it has the full stack. The CEO of TextDrive will be leaving San Diego for Europe where he will opening Joyent's office. He swears he will not be laying off employees. Read - Joyent Acquires Textdrive... "