Telefónica Digital Acquires Video Chat Company TokBox
Telefónica Digital has bought TokBox. Tokbox will become a whollyowned subisidiary of Telefónica. The price of the transaction was undisclosed. Telefónica’s newest strategy is to find ways to add value on their basic voice and messaging services. ToxBox services will be offered to their own customers and developers.
TokBox started in 2007 and started out as a video chat website. The founders no longer work for the company, multiple leaders ran the company, and they had a significant number of layoffs over time.
TokBox helped other websites integrate their video chat API. One-on-one conversations are free and customers pay extra for broadcasts and group discussions.
TokBox CEO Ian Small said that the OpenTok software is now used by 50,000 developers and websites. TokBox expanded to iOS and WebRTC.
TokBox’s 35 employees will become a part of Telefónica’s staff and will operate independently in San Francisco. Mr. Small said “everyone is very content with the price.”
Telefónica’s 300 million customers was what really intrigued the TokBox team. “This is a pretty good outcome for a crew that has been building something with a vision in mind that will now get turbocharged,” added Mr. Small.@amitchowdhry or on Google+ at +AmitChowdhry