DEMO.com > ThinkFree, Inc.

ThinkFree, Inc.

ThinkFree AJAX Edition

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Conference: DEMOfall 06
Market Segment: Small business software
Funding Details: Series A: Venture funding, $24 million. Further funding after acquisition by Haansoft, $10 million.
Competitors: Zoho, JotSpot, gOffice
Product Description: ThinkFree AJAX Edition, a fast, light-weight tool for accessing, creating and editing office documents, enables users to maintain the best round-trip compatibility available with Microsoft Office, to easily create documents based on templates, to track changes from collaborators and to manage, view and roll back changes from previous versions. ThinkFree saves your formatting while other AJAX applications make significant changes. Extending the capabilities of ThinkFree Online’s Power Edit mode, ThinkFree AJAX provides simple, quick, format-rich documents.
Market Opportunity: The online office productivity suite has recently seen an explosion of new vendors. Recently, Jupitermedia claimed that in-house, server-hosted productivity solutions, like ThinkFree, would take away roughly 6% of Microsoft Office’s market share. Extrapolating that into the online SaaS market, ThinkFree is poised to lead a growing movement.
DEMO Says: Six years ago, ThinkFree was invited to showcase at DEMO 2000 because it offered unsurpassed Microsoft Office compatibility in a Java-based online application. Today, ThinkFree returns to DEMO to introduce a well-designed, fast, office-application suite that taps the advantages of AJAX technology to deliver that same round-trip compatibility with Microsoft’s applications. Smart engineering and staying power make ThinkFree a real contender in the service-based computing market.

Contact: Jonathan Crow; jcrow@thinkfree.com
Company Address: 3003 N. First St., iPark Silicon Valley
San Jose, CA 95062
Primary Phone: 408-432-5068
Primary Fax: 408-904-7145
URL: www.thinkfree.com
Corporate Officers: TJ Kang - CEO & Founder, DJ Lee - CFO, JH Park - CTO