Google buys VOIP engine behind Yahoo, WebEx, Lotus chat systems.
Google yesterday announced that it has purchased internet VOIP company Global IP Solutions for $68.2 million, a 27.5% premium over the company’s closing share price on 14 May, 2010. Global IP is the company behind the back-end VOIP engine used by Yahoo!, AIM, WebEx and Lotus chat systems.
“The Web is evolving quickly as a development platform, and real-time video and audio communication over the Internet are becoming important new tools for users,” said Rian Liebenberg, Engineering Director at Google. “GIPS’s technology provides high quality, real-time audio and video over an IP network, and we’re looking forward to working with the GIPS team at Google to continue innovating for the Web platform.”
“This is an exciting milestone for GIPS as we join Google with a shared vision to transform and accelerate IP communications,” said Emerick Woods, Global IP Solutions CEO. “With Google’s global reach, scale and widely recognized leadership, we are confident that our existing customers will continue to be fully supported while we continue to enhance and extend our products and technology at Google.”
We wonder the fate of the VOIP platforms GIPS provided for, like Yahoo! and such, as they are a direct competition to Google’s Talk and Voice services.
Source: Yahoo! Finance