Google Offers $68.2m For Firm
Google is bidding $68.2 million for San Francisco company, Global IP Solutions.
Google has used Global IP Solutions for a long time to ensure the smooth delivery of voice and video over IP addresses.
In the latest press release, Global IP Solutions does not directly mention the Google bid, stating only that it will continue to offer support to all customers and stating its intention to "continue to enhance and extend [their] products and technology."
However commentators are highlighting apparent evidence which suggests that the company will accept the offer. This is following the announcement by Global IP Solutions that it would be introducing new technology which would make it simpler for Android developers to integrate video conferencing and chat into their applications.
The deal needs to be approved by 90 per cent of shareholders in order to go ahead and the company has also stated that they already have backing from over 50 per cent of this group.
If the deal goes ahead this will be the next acquisition in a long line for Google who have recently purchased 15 companies. It will also be the second acquisition which relates to the VOIP market since the internet giant purchased Gizmo5 in November of last year.
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