Docstoc Acquires BestVendor, Builds Small Biz Resource


Small business owners are always in need of resources. Maybe you’re looking for a sample operating or nondisclosure agreement you can use as a guide on how to craft your own. Or maybe you are hunting for recommendations on the latest Cloud-based software to improve your company’s efficiency.

Document subscription service Docstoc seeks to be a leading resource for all these needs with announcement today of its acquisition of software recommendation site BestVendor.

Financial details of the acquisition were not disclosed.

“We specifically sought out BestVendor because it’s a great platform and community for recommending the best cloud products, and this is a growing need among small businesses. We’re actively pursuing additional acquisitions of products and teams helping small businesses,” said Jason Nazar, co-founder and CEO of Docstoc.

Docstoc Expands Small Business Resources

Today’s acquisition marks the first for the 16 year old company. But Docstoc continues to build its offerings with new sites. They include:

  • Launch last year of License123, a database of licenses and permits needed to start businesses, and
  • Launch in May of ExpertCircle, a place for business experts to share recommendations on best online and offline services and vendors.

More About Docstoc and BestVendor

The acquisition of BestVendor helps extend Docstoc’s existing services. BestVendor provides a platform for professionals to share their recommendations of the best SaaS and other software services for use in business.

Docstoc boasts having more than 20 million documents and resources available for users including expert videos, articles and productivity tools for business. The company says it operates one of the 500 most visited sites in the world according to Quantcast and has 35 million registered users. See more about Docstoc and its services from Small Business Trends.

Image: BestVendor


Shawn Hessinger - Editor

Shawn Hessinger Shawn Hessinger is the Editor for Small Business Trends. He is a journalist and social media networker with more than a decade of experience in the traditional newspaper business before moving to the digital world. He was the former community manager of BizSugar and the former community editor at AllAnalytics, a site dedicated to professionals in the business intelligence and analytics community.

8 Reactions

  1. thanks for sharing! I appreciate Doctocs ideal which centers around businesses and the tools the will need.

  2. Great pickup for DocStoc and I’m excited to see so many large companies focusing on SMBs. More competition means better offerings and lower prices.

  3. Hi Robert,
    Our take is that this is a logical move bringing in the software part of the equation including SaaS which is becoming so critical to small businesses as a way to leverage resources and become more competitive. I’m sure building such a resource was a big part of the motivation behind the launch of ExpertCircle as well, but the new acquisition gives Docstoc a resource dedicated exclusively to this vast and growing niche.

  4. Really nice partnership. I am sure that this will open Docstoc’s doors to the small business arena. Now it can be more than just another document sharing site. This will actually give them an edge over sites with similar services.

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