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Content Tagged kpg
Was Ribbit Sold? Maybe, Maybe Not
Ribbit, a Mountain View, Calif.-based company that is pushing a VoIP platform that marries web with voice is subject of acquisition rumors this evening. VentureBeat reported that the company was close to being acquired by British Telecom (BT), but later changed their story. When contacted by me, Don Thorson, Ribbit’s Vice President of Marketing dismissed the rumors but declined to comment any further.
It wouldn’t surprise me if BT (or some European telecom) acquired Ribbit (or any other platform) to expand across the borders and find a way to stay relevant. We had pointed out that a consortium of incumbent carriers were developing their competitor to Skype. Ribbit-type platform could be used to develop apps for the incumbent supra-net.
Ribbit has so far raised $13 million from Allegis Capital, KPG Ventures and Alsop Louie Ventures. The company has attracted about 4000 developers to its platform, though it is hard to tell if it is making any revenues from its platform. Over past few weeks, I had heard about Ribbit being in “play” and talking to likely buyers, but there is nothing concrete to add.
