April 12, 2006
Skype Buys 2 VOIP outfits
Skype Technologies, now a part of eBay, has bought two VoIP companies. These two outfits are Sweden-based Sonorit Holding and its U.S. subsidiary, Camino Networks, for about US$27 million in eBay stock. Consider this, therefore a paper–money buyout.
Skype bought out Sonorit and Camino so that it could add these outfits' online voice engineering technical staff to its workforce. Engineers from the acquired companies will design and develop future versions of Skype's voice-over-IP (VoIP) product.
Interesting information: Sonorit and Camino are both involved in IP related lawsuits.
Via CIO
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