eBay company Skype makes DKK 150 m acquisition  

2006.05.01
Internet communication company Skype, founded by the Dane Janus Friis and the Swede Niklas Zennström, has acquired Sonorit Holding AS and its US subsidiary Camino Networks, Inc.

Skype, the internet communication company founded by the Dane Janus Friis and the Swede Niklas Zennström, has acquired Sonorit Holding AS and its US subsidiary Camino Networks, Inc. Skype says in a press release that the acquisition will allow it to add some of the leading experts in online voice engineering to its own team of technologists to help design and develop Skype for the future.

The cost of the acquisition was DKK 150 m (USD 25.5 m), a modest sum in comparison with the DKK 15.6 bn (USD 2.7 bn) that the online auction site eBay reportedly paid the Scandinavian pair last September to acquire Skype. Sonorit is based in San Francisco, with additional offices in Aalborg, Denmark, and Stockholm, Sweden. Sonorit and Camino Networks provide solutions for high quality speech processing, coding, and transmission for the next generation of Internet-based networks.

Jonathan Christensen, President and CEO of Camino Networks, Inc., comments: “Joining Skype gives us access to the best platform for bringing our technology to users.”

Skype's internet communication offering allows people to make free voice and video calls worldwide to any other user of Skype software, a small programme that can be downloaded gratis from its website. When Invest in Denmark news first reported on Skype's activities in October 2003, it had clocked up over 1 million downloads after 5 weeks of operation. At that time Janus Friis stated that the company's ambition was "to be the global telephone company for the young and hip". Less than 3 years on, the Skype website is carrying an announcement that the number of downloads has passed the 100 million mark. This would tend to suggest that free calls worldwide are also attracting the parents or even grandparents of the young and hip.

Link > Skype 

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