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May182010

Google acquires Global IP Solutions (GIPS) for 68.2 million

Google and Global IP Solutions Holding AB have entered into a transaction agreement under which Google Acquisition Holdings Inc., a wholly owned subsidiary of Google. Google will pay approximately $68.2 million to GIPS that provides VoIP technology for many popular IM clients like Yahoo Messenger, AIM, Nimbuzz, QQ, IBM Lotus Sametime and for conferencing software from WebEx and Citrix. It’s clear that Google intends to improve its instant messaging platform and to launch an online application for conferencing. An early version of Google Meetings has already been demoed at a recent event.

“The Web is evolving quickly as a development platform, and real-time video and audio communication over Internet are becoming important new tools for users,” said Rian Liebenberg.

[Source]

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