logo
Log in using TwitterLog in using Facebook Forgot login?Register

Skype Acquires Qik

Written by Entrepreneur Country on Monday, 10 January 2011 15:52
Rate this item
(0 votes)

Skype has announced it has entered into a definitive agreement to acquire Qik, a provider of mobile video software and services that enable individuals to capture, instantly share and preserve great moments on video from anywhere. Qik has 60 employees, and is headquartered in Redwood City, California and has an office in Moscow, Russia. The transaction is expected to close in January 2011. Terms of the acquisition will not be disclosed.

Qik was founded in 2006 and offers innovative and flexible solutions to capture and share video with anyone across mobile devices, the web, and desktop platforms. Videos can be shared in real time or stored so moments can be viewed later, allowing for video messaging, sharing and archiving. The Qik service is available on over 200 mobile phones across the Android, iPhone, Symbian, Blackberry and Windows Mobile platforms, and comes pre-loaded on a wide variety of mobile handsets through partnerships with leading handset manufacturers and carriers.

Both Skype and Qik have a common purpose of enriching communications and sharing with video, across any device. The acquisition of Qik helps accelerate Skype's leadership in video by adding recording, sharing and storing capabilities to Skype's product portfolio. Through this acquisition, Skype will also be able to leverage the engineering expertise that is behind Qik's Smart StreamingTM technology, which optimizes video transmission over wireless networks.

"The Qik team has delivered exceptional video experiences for its mobile partners and millions of end users across a range of devices," said Tony Bates, Skype's Chief Executive Officer. "Skype's software enables an estimated 25 percent of the world's international long distance voice calling minutes*, and approximately 40 percent of those Skype-to-Skype calls are happening over video. Qik's deep engineering capabilities and strong mobile relationships will be an impressive complementary fit with Skype."

Together, Skype and Qik will focus on providing a richer, more integrated experience that will allow people globally to share experiences in real-time video across different platforms, as well as, store those moments so they can be viewed anytime later.

"Qik has worked very hard to solve complex problems that allow millions of people everyday to take advantage of sharing their lives with those people who are most important to them," said Vijay Tella, Chief Executive Officer of Qik. "Joining Skype allows Qik's team to unite with Skype's talented team to develop new and innovative products for our customers and partners."

Entrepreneur Country

Entrepreneur Country

Have you enjoyed this or other articles on Entrepreneur Country? Please feel free to get in touch by emailing us at entrepreneurcountry@ariadnecapital.com or clicking the link below. On twitter or linkedIn? Follow us through our @encountry or our LinkedIn page

Website: www.entrepreneurcountry.com/community/profile/messages?task=new&recip=1481

Add comment


Security code
Refresh

Latest Comments

Community Coffee Lounge

Welcome to the Entrepreneur Country Coffee Lounge.

coffee_lounge

With a host of viral videos, games, cartoons and puzzles, its your time to relax.

entrepreneurcountry magazine

May                                                April
Click to view the full digital publication online                   Click to view the full digital publication online

Click here to view the latest issue of Entrepreneur Country Magazine with Charlie Mullins, Paddy Ashdown, Julie Meyer & more.

Related Media

Facebook/Twitter

Entrepreneur Country Polls

Did this budget help British Businesses or paper over the cracks?
 
 
Total votes: 8
Category: Better Business