Skype made a strategic move today when it acquired Sonorit Holding and its USA subsidiary Camino Networks for what amounts to $27 million in eBay stock.
One can only speculate but this appears to help fill some core needs as Skype and eBay seek to be less dependent on licensed technology and want more of the team in house. What many forget is that Skype is still a young company and growth can’t only come from the inside.
I see this as a good move, and a needed move in order for Skype and eBay both to be able to continue to compete with Yahoo, AOL and Microsoft, all of which have tons of in-house talent who understand high quality speech processing and Internet transmission of voice. Just last year Yahoo nabbed a core group of executives and technologists from Nuance.
What’s also interesting is that Sonorit seems to be another company that is in litigation and it’s with GIPS, the company that supplies the insides of much of Skype.
Skype gets better VoIP – buys Sonorit for 27M
Well, FINALLY! As a shareholder of Sonorit I was asked to keep quiet and not blog about the companies (Sonorit and Camino Networks) at all. I kept my word and let the rest of the world find out about…
Skype gets better VoIP – buys Sonorit for 27M
Well, FINALLY! As a shareholder of Sonorit I was asked to keep quiet and not blog about the companies (Sonorit and Camino Networks) at all. I kept my word and let the rest of the world find out about…
Young blood for Skype
Skype just got an injection of steroids. It was his mother company eBay who paid for the beef-my-smart-guy operation. The bill: around $27,000,000. Not in cash, in stocks only, 700,000 of them right from the eBays purse.
What we ca…
Skype Joins the Acquisition Race by Acquiring Sonorit
Merger fever seems to have gripped the VoIP industry. We saw Comverse acquire Netcentrex in order to round out its triple play portfolio, and then it was the turn of Genesys to acquire VoiceGenie. So how come Skype, one…