Google acquires Global IP Solutions
The internet giant has paid out $68.2 million for real time communications experts Global IP Solutions.
Google has made a full cash offer of $68.2 million (47.2 million) to acquire Global IP Solutions (GIPS).
The US-based company, founded by its chief technology officer Roar Hagen in Sweden, specialises in real-time video and audio communications.
The company had recently confirmed it will release a product enabling video calls on Android based devices but now Google wants to bring the company even closer and continue to use its technology to improve services.
"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, in a statement.
"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."
The deal still needs to be approved by GIPS's shareholders but this is expected to happen by early June.
Emerick Woods, chief executive of GIPS, said in a statement: "With Google's global reach, scale and widely recognised 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."
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