Crack in rig initially overlooked

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QUIP.

Last seen on: The Telegraph – CRYPTIC CROSSWORD NO: 29,426 – Jul 27 2020

Random information on the term “QUIP”:

Quip is a collaborative productivity software suite for mobile and the Web. It allows groups of people to create and edit documents and spreadsheets as a group, typically for business purposes.

Quip was founded by Bret Taylor, co-creator of Google Maps, CEO of FriendFeed, and former Facebook CTO, along with Kevin Gibbs, who founded Google App Engine. Taylor founded the company in 2012, after leaving his position at Facebook. Roughly a year later, Quip was launched to the public as a mobile-centric tool for creating shared notes, lists, and documents. Its app was well-received, winning accolades as one of the best apps of the year from Time, The Next Web, and The Guardian.

In 2015, Quip announced it had received a $30 million funding round led by Greylock Partners.

In July 2016, Salesforce announced the acquisition of Quip for an estimated total of $750 million.

In January 2017, Quip acquired designer studio Unity and Variety.

QUIP on Wikipedia