Google To Open Business Software Store
MOUNTAIN VIEW, Calif. (TheStreet) -- Google (GOOG) plans to launch a store selling online business software that integrates with its Web services, a report says.
Google will sell business software designed by outside developers to integrate and add capabilities to Google Apps, such as enhanced security features or the ability to import contacts, the Wall Street Journal reports, citing people briefed by the company. Google Apps provides Web-based email, word-processing and spreadsheet functions.
Google could announce the new store as soon as next month.
Google eventually plans to allow customers to purchase its partners' software through the site, taking a cut for itself and sharing some revenue with the developers, the Journal says, citing the people.
A Google spokesman told the Journal it is "constantly working with our partners to deliver more solutions to businesses, but we have nothing to announce at this time." Google's goal, the Journal says, is to grow its online-software businesses, which it hopes will be a future sales engine for the company as its advertising business matures. The new store is Google's latest attempt to get customers to switch to its online offerings and away from programs by Microsoft (MSFT), the newspaper notes. But many large companies have been reluctant to move from Microsoft for reasons such as concerns about storing data online to complaints of missing features. Google says more than 2 million businesses are using the paid or free version of Google Apps. There are around 500 million users of Microsoft Office, according to Microsoft, the Journal reports. -- Written by Joseph Woelfel in New York. Follow TheStreet.com on Twitter and become a fan on Facebook.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV