Google Wants to Buy VoIP Company Global IP Solutions
Mountain View-based search engine giant Google recently announced that it will make a cash offer to by Global IP Solutions (GIPS), company that provides best-in-class voice and video processing in IP communications. Google wants to buy all the issued and to be issued shares of Global IP Solutions for the price of $68.2 million. That’s the equivalent of $2.12 per share, in cash.
So basically Google will purchase a company that provides VoIP technology to some of the biggest names in the industry, including Yahoo!, AOL, Oracle and Samsung. This is a clear indication that Google plans to make its instant messaging (IM) platform better and an indication that Google will launch an online application for conferencing (what would be the point of that Google Meetings demo then?).
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It may also be an indication that Google plans to muscle in on Skype’s turf. By itself, Google Talk is not a very well equipped opponent for Skype. But this may change if Google gets Global IP Solutions, a company that currently provides VoIP technology for many popular IM clients
“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.”
Mountain View-based search engine giant Google recently announced that it will make a cash offer to by Global IP Solutions (GIPS), company that provides best-in-class voice and video processing in IP communications. Google wants to buy all the issued and to be issued shares of Global IP Solutions for the price of $68.2 million. That’s the equivalent of $2.12 per share, in cash. 