Google to Acquire Global IP Solutions
Internet search giant Google has made an offer to acquire Global IP Solutions (GIPS), a provider of voice and video processing in IP environments, through a voluntary public cash stock offer valued at $68.2 million.
“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, CEO of GIPS. “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.”
GIPS serves application developers, service providers, and network equipment vendors. Its customer list includes Oracle, Samsung, WebEx, Yahoo!, AOL, and other key players in the Voice over Internet Protocol (VoIP) market. The company is headquartered in San Francisco with offices in Stockholm, Boston and Hong Kong.