Skype will acquire group messaging service GroupMe, a service that was born at a hackathon at TechCrunch Disrupt in New York in 2010. GroupMe was founded by Jared Hecht and Steve Martocci.
The terms of the deal, including price, aren’t being disclosed.
Just a couple of months after TechCrunch Disrupt the company closed a $850,000 round of financing from Betaworks, SV Angel, First Round Capital, Lerer Ventures and a number of prominent angels. Early this year the company raised $10.6 million more from Khosla Ventures, General Catalyst and previous investors.
GroupMe allows you to create on the fly private phone groups with others, and then send text messages throughout the group and set up free conference calls.
Skype CEO Tony Bates says that he’s been talking to the company for a few months, at about the same time Skype was in negotiations to be acquired by Microsoft.
The Microsoft transaction is still pending.
They’ll keep GroupMe as a standalone brand, Bates says, and look for integration points over time. “The group messaging space in general is one of the most important markets for Skype,” he told me via a Skype video call earlier today. He added: “GroupMe creates a very sticky instant feeling. Like Skype, it is an everyday interactive form of communication. Skype’s goal is to get to 1 billion users. Mobile is the place to do that.”
GroupMe, which has twenty employees, will remain in New York.
Skype is a software application that allows users to make voice and video calls and chats over the Internet. Calls to other users within the Skype service are free, while calls to both traditional landline telephones and mobile phones can be made for a fee using a debit-based user account system. Skype was founded by Niklas Zennstrom and Janus Friis who were also the founders of the file sharing application Kazaa. Skype has also become popular for its additional...
GroupMe is a group messaging service that lets you stay in touch with groups of people via mobile phones and the web. The service allows you to effortlessly group text with the people in your life that are important to you. It’s totally free and works on every phone. GroupMe is based in New York and was founded in May 2010 at the TechCrunch Disrupt Hackathon. In August 2011, GroupMe was acquired by Skype, which was subsequently acquired by Microsoft...
Microsoft, founded in 1975 by Bill Gates and Paul Allen, is a veteran software company, best known for its Microsoft Windows operating system and the Microsoft Office suite of productivity software. Starting in 1980 Microsoft formed a partnership with IBM allowing Microsoft to sell its software package with the computers IBM manufactured. Microsoft is widely used by professionals worldwide and largely dominates the American corporate market. Additionally, the company has ventured into hardware with consumer products such as the Zune and...
Sponsored Ads
Sponsored Ads
Sponsored Ads
San Francisco, CA
