Google (NSDQ: GOOG) is offering $68.2 million to buy up publicly-traded Global IP Solutions, a San Francisco-based company which sells technology used to deliver voice and video over IP networks. Google is a long-time Global IP Solutions customer. Other customers include include Yahoo (NSDQ: YHOO), which licenses the technology to power voice chat on Yahoo Messenger, as well as Nortel, Samsung and AOL (NYSE: AOL). In a release, Global IP Solutions says it expects to continue to support its current customers but doesn’t offer specific details about where it will fit at Google, saying simply that it will “continue to enhance and extend our products and technology.”
One big hint: Last month, Global IP Solutions said it was introducing new technology that makes it simple for Android developers to integrate video conferencing and chat into their apps.
The deal needs to be approved by the owners of 90 percent of Global IP Solutions’ stock, but the companies say they already have the support of shareholders who own more than 50 percent of the company, including backer Kistefos Venture Capital. Google is offering a 142 percent premium to Global IP Solutions’ stock price in January, when the company disclosed there had been “strategic interest from a potential buyer” and a 27.5 percent premium to its price last week.
This is the second acquisition in Google’s recent 15-company shopping spree that is related to VOIP. In November, Google bought up VOIP provider Gizmo5 for a reported $30 million in order to improve Google Voice.