Qik to Be Acquired by Skype

Qik, a Redwood City, California-based provider of mobile video software and services, has entered into a definitive agreement to be acquired by Skype.
The amount of the transaction, which is expected to close in January 2011, remained undisclosed.
Founded in 2006, Qik offers innovative solutions to capture and share video across mobile devices, the web, and desktop platforms. The 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.
Qik has 60 employees and operates an office in Moscow, Russia.
Through the acquistion, Skype intends to accelerate its leadership in video by adding recording, sharing and storing capabilities to its product portfolio. As also stated by CEO Tony Bates, Skype will leverage the engineering expertise behind Qik’s Smart Streaming™ technology, which optimizes video transmission over wireless networks.
Vijay Tella, CEO of Qik, added: “Joining Skype allows Qik’s team to unite with Skype’s talented team to develop new and innovative products for our customers and partners”.



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