Qualcomm Acquires iSkoot
QUALCOMM, Inc. (NASDAQ:QCOM) has acquired San Francisco mobile start-up company iSkoot through the The Qualcomm Innovation Center (QuIC) division. iSkoot provides social networking services to phones that are not considered smartphones. iSkoot also allows users to make and receive PC calls using only regular cell phones. The acquisition financial details were undisclosed.
iSkoot launched in 2005 and developed a platform called the Kalaida Platform. The Kalaida Platform optimizes wireless data before sending it to handsets according to GigaOM. iSkoot will be a subsidiary of QuIC. iSkoot currently powers social networking applications that are offered on basic phones sold on T-Mobile, Verizon, and AT&T. iSkoot has also developed VoIP software.
[GigaOM]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry