Google to buy VoIP, videoconferencing company2010-05-18 09:41 by DanielaTags: Google, VoIP
In an apparent effort to improve the services it can offer online, Google is seeking to acquire Global IP Solutions (GIPS), a Norwegian company specializing in Internet telephony and videoconferencing. Google and GIPS announced the move Tuesday morning, saying Google offered to pay $68.2 million, a premium of 27.5 percent over the most recent trading price and of 142 percent from January 11, when GIPS announced interest from a strategic partner. "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, an engineering director at Google, in a statement. "GIPS' technology provides high quality, real-time audio and video over an IP [Internet Protocol] network, and we're looking forward to working with the GIPS team at Google to continue innovating for the Web platform." GIPS' board has recommended that shareholders accept the offer, and some large shareholders, including Kistefos Venture Capital AS and Kistefos Venture Capital II DA, have "irrevocably committed to accept the offer with respect to approximately 50 percent of the outstanding shares and votes of GIPS," GIPS said. Read more -here-
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