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SAN FRANCISCO--- Iskoot Acquires Social.IM; Acquisition Launches Company in New Direction of Mobile Web Communications

9/5/2008 @ 7:39 AM   print this article - email to a friend - join our eNewsletter
iSkoot, the leading provider of carrier-friendly mobile VoIP solutions, today announced that the company has acquired Social.IM, the social network I'm client. This acquisition positions iSkoot to grow beyond mobile VoIP and create a compelling and valuable consumer solution with a growing lineup of Web communications that can be integrated and pushed to your phone.
   
   "Social.IM has served as an instant Web communications desktop platform and we see a clear consumer integration with iSkoot's upcoming suite of Web to mobile push services," said Mark Jacobstein, iSkoot CEO. "Acquiring Social.IM is a key step in our path to introduce later this year a groundbreaking new communications platform that will revolutionize the mobile landscape."
   
   Social.IM built a customizable desktop application and Web service that adds real-time communication and desktop notifications for social networks, online communities, and Web sites. The technology includes a desktop I'm client and also the capability to deliver new message alerts, information, and content to social network or online community members. Social.IM also released a developer API that allows for social network application developers to reach their users on desktop.
   
   "iSkoot is ideally positioned to become the leading push services communications provider, both on the mobile platform and the Web," said Yan-David Erlich, Social.IM CEO. "We are excited to see Social.IM participate in enabling the next step in their growing lineup of valuable consumer solutions."
   
   ISkoot already delivers mobile VoIP solutions for carriers and millions of consumers around the world. But this year, the mobile VoIP leader has begun to focus on the development of mobile products and services that integrate the mission-critical Web services that consumers value most into mobile handsets.
   
   The acquisition is the latest in a series of significant developments for iSkoot. Earlier this year, the company hired CEO Mark Jacobstein, an experienced mobile services executive who played key roles at Digital Chocolate and Loopt. Also, after the success of the iSkoot powered Skypephone, Skype and iSkoot announced a new five-year agreement. As part of the deal, iSkoot received for the first time the exclusive rights to offer the Skype mobile services though carrier partners in eight countries.
   
   About iSkoot
   
   San Francisco-based iSkoot, with offices in Cambridge and Israel, brings leading internet services like Skype to mobile handsets around the world, delivering rich consumer experiences with minimal impact on operator networks. ISkoot launched the first and only carrier-grade, carrier-deployed Skype-for-Mobile application in 2006, and now powers the Mobile World Congress award-winning 3 Skypephone currently sold in eight countries on three continents. ISkoot takes advantage of the voice-optimized circuit-switched network for delivery of voice communications, in keeping with its mission to engineer elegant and operator-friendly solutions to the challenge of bringing resource-intensive internet services to mobile handsets. For more information, visit www.iskoot.com/
   

FreshMoney - California Mergers/Acquisitions/Funding
 
Thursday, December 4, 2008
  • SUNNYVALE--- Trimble Acquires Assets of Rawson Control Systems to Further Expand Its Flow and Application Control Solutions Posted 3:49 PM PST
  • MOUNTAIN VIEW--- PureWave Networks Completes a $12 Million Series B Funding Round Posted 3:18 PM PST
  • SAN MATEO--- Actuate Corporation Updates Terms of $60 Million Tender Offer Posted 3:17 PM PST
  • SAN FRANCISCO--- GoFish Corporation Secures $22.5 Million Financing Posted 9:20 AM PST
  •  
    Wednesday, December 3, 2008
  • SANTA CLARA--- NewCardio Restructures 2007 Financing, Receives $2.8 Million Additional Cash and Improves Capital Structure Posted 7:18 PM PST
  • SAN FRANCISCO--- Catalyst Biosciences Raises $40 Million in Series C Financing Posted 7:17 PM PST
  • REDWOOD CITY--- Signature Devices, Inc. Signs Letter of Intent to Acquire 7th Level Entertainment Group, LLC Posted 7:33 AM PST
  •  
    Monday, December 1, 2008
  • MOUNTAIN VIEW--- Synopsys to Acquire ProDesign's CHIPit Business Unit Posted 4:38 PM PST
  • SAN DIEGO--- Awarepoint Corporation Closes $13.3 M Series D Financing Round Posted 8:48 AM PST
  • SANTA BARBARA--- Johnson & Johnson Announces Definitive Agreement to Acquire Mentor Corporation Posted 8:38 AM PST
  • LOS ANGELES--- J2 Global Acquires MailWise and Mijanda Posted 8:31 AM PST
  • LOS ANGELES--- All Line Inc. to Acquire Stake in Chinese Media Group with Potential Enterprise Value in Excess of $300 Million Posted 8:30 AM PST



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