Mountain View,
Calif. – Google (NASD: GOOG) announced on
Tuesday that it has agreed to acquire Global IP Solutions (GIPS), a
Norway-based developer of VoIP and video conference technology, in a deal
valued at $68.2 million.
The acquisition price represents a premium of 27.5%
over GIPS’s most recent share price.
GIPS customers include Nortel, Oracle, Samsun, Yahoo and AOL.
"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."
Related Links:
http://www.google.com/intl/en/press/pressrel/ir_20100517.html
