DocStoc is shuttering its document sharing platform

DocStoc is shuttering its document sharing platform

Financial software maker Intuit is closing down Docstoc, the document sharing platform it acquired in 2013.

According to VentureBeat, the death of Docstoc is a result of Intuit’s decision “to discontinue these products.” The site is urging users to export their files before December 1.

However, the team said it plans to continue to support existing customers, but won’t allow new registrations.

In its lifetime, Docstoc faced competition from services like Scribd and LinkedIn’s Slideshare. In addition to hosting users’ private files, it also made resources like business plan templates, sample lease agreements and sponsorship proposals available to the public.

Docstoc isn’t the only product on Intuit’s chopping block. The company is hoping to divest other parts of its portfolio — including Quicken, its personal accounting app — in order to sharpen its focus on building ecosystems for taxation and small businesses.

➤ Docstoc [via VentureBeat]

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