change formatting of selected rows/columns

We are pasting data from microsoft word file to DataGridView column and saving into database but data format is not storing in the grid like bold,color,font type (italic etc) & size.We are using framework 4.0 (visual studio 2010) with C#.It is window application.

I do know that datagridview does not support such functionality.Do you know any other 3rd party grid that can support such functionality. 

We want some other functionality also :

window form screen will have buttons like font,bold,italic,color,underline etc. we can select one or multiple rows and columns of grid and click on any buttons of screen and format should be apply for all selected rows/columns. we can select text ( few characters) of a single column of a row and clicking on any button of screen, format of selected text should be change.