Microsoft PowerPoint is a presentation program,[8] created by Robert Gaskins and Dennis Austin[8] at a software company named Forethought, Inc.[8] It was released on April 20, 1987,[9] initially for Macintosh computers only.[8] Microsoft acquired PowerPoint for about $14 million three months after it appeared.[10] This was Microsoft's first significant acquisition,[11] and Microsoft set up a new business unit for PowerPoint in Silicon Valley where Forethought had been located.[11]