Google is looking to acquire Global IP Solutions (GIPS), based in Norway. Google offered $68.2M cash.
GIPS develops codecs for encoding real-time video and voice signals into a digital format for transport over IP networks. The company has also developed a number of techniques that can combat the effects of delay, jitter, packet loss, background noise, and echo that IP networks can introduce.
"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."
Google already has some VoIP technology through its acquisition of Gizmo5 and its Google Voice service. In August last year it announced the acquisition of On2 Technologies, a video compression specialist. The deal finally closed in February, with Google paying $124.6 million, about $18.6 million more than its initial offer.
About Global IP Solutions
Global IP Solutions (GIPS) provides best-in-class voice and video processing in IP communications. GIPS enables its customers to deliver unmatched quality, with a faster time to market and less risk than alternative solutions. GIPS serves application developers, service providers, and network equipment vendors. Its customer list includes Nortel, Oracle, Samsung, WebEx, Yahoo!, AOL and other key players in the VoIP market. The company is headquartered in San Francisco with offices in Stockholm, Boston and Hong Kong. More information at www.gipscorp.com.
Video conferencing has been a phenomenon these days in the web world. It has been the talk of the town here in Ottawa. Computer supports such tool for better conversation of the parties involved.
Posted by: Ottawa.Computer Supports | August 02, 2010 at 11:43 AM
Got to give it Google they always have their finger on the pulse, that's why they always recognize the next hot commodity, web conferencing. In this case!
Posted by: Mike Gomez | May 28, 2010 at 09:51 AM
Another great acquisition by Google. No doubt that this will make our web conferencing services better, since this company has eliminated some of the hiccups that come with some conference calls.
Posted by: Bill Gaskin | May 28, 2010 at 09:41 AM