VoIP services company Sabse Technologies has acquired Canadian Internet voice startup MobiVox for an undisclosed amount. The fledgling company provides VoIP calling via existing landlines and cellphones and also enables its users to do conferencing, make group calls, and transfer calls to their home phone from their cell phone.
The young company had raised a single round of funding that amounted up to $11 million nearly two years ago from high-profile investors like Flybridge Capital, IDG Ventures and Brightspark Ventures.
In a statement, Sabse Technologies says it wil integrate Mobivox’s solution into its own offering and retain most if not all employees:
The Mobivox platform and patent portfolio adds to Sabse’s offering by providing a proven voice-interface-programming language, in-the-cloud contact book storage along with network-agnostic telephony integration. Additionally, Mobivox brings a very deep team of speech developers that combined bring more than 100 years of expertise.
The news comes just three month after Sabse, which was founded by well-known entrepreneurs Sabeer Bhatia (Hotmail co-founder) and Yogesh Patel, agreed to acquire VC-funded Jaxtr, also without disclosing the amount it had paid for the startup. That means the serial entrepreneurs’ newest venture, which as far as we know has raised no institutional venture funding to date, has significant cash in the bank and aims to move fast in the VoIP calling and conference market by picking up strategic assets left and right.
it is worrying the amount of companies that recieve funding at the moment, do people not remember the dot com crash?
it is worrying the amount of companies that are getting funding at the minute, do people not remember the dot com crash?
This is a fantastic move by the Sabse team. Congratulations to all involved!
Congrats to the mobivox crew, it’s always been a killer platform waiting for scale! And another win for Brightspark recently
Nice birthday present for their MD!
Oh boy. It certainly feels like the recession is over with all of the recent acquisitions. Very encouraging.
Cool!
Retweeting on the main page takes you to the wrong tweet.
Their pricing seems to be different for different countries and not consistent
e.g. professional plan is $50 (Rs 2000 = 50 * 40), but free plan is $15(Rs 700 , which is not = 15 *40)
All the best.
Acquisition? does anyone think the investors and employees made money on this? does anyone understand how venture capital works? appears to be a distressed sale. Sabeer is a nice guy but Sabse is not AT&T.
Gotta agree with you. Its an asset sale.
Another thing… I tried their service a year back. It rarely worked.
Rebtel rocks the house for calling overseas. The call quality is consistently good.
I’ve been using Jajah and loving it. I only call China and the UK but the quality is great.
i guess this an good move by the hotmail co-founders…Congrats guys
Very nice, well done