Skype to buy video mobile software provider

The agreement to purchase Qik is likely to be finalised this month

Tags: Mergers and acquisitionsQik ( developerStreaming
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Skype to buy video mobile software provider Skype is in the process of purchasing mobile video software and service provider, Qik. The deal is expected to be finalised this month.
By  Georgina Enzer Published  January 9, 2011

Skype has announced that it has entered into an agreement to acquire mobile video software and service provider, Qik.

Qik, founded in 2006, has 60 employees and is headquartered in Redwood City.  The company has designed software that allows users to capture and share video across mobile devices, the web and desktop platforms. Their software is also designed to allow videos to be shared immediately or stored for viewing later, allowing for video messaging, sharing and archiving.

The Qik service is designed to work on over 200 mobile phones across the Android, iPhone, Symbian, Blackberry and Windows Mobile platforms, and now comes pre-loaded on a variety of mobile handsets.The acquisition of Qik will allow Skype to further develop its video sharing platform, adding the ability to record, store and share video.

Skype will also use the engineering expertise behind Qik's Smart Streaming technology, which is designed to optimise 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% of the world's international long distance voice calling minutes, and approximately 40% 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."
The companies will work together to develop better real-time video applications across different platforms.
"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."

The transaction is expected to be finalised this month.

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