Wednesday, October 13, 2010

Qualcomm Buys iSkoot

San Diego-based Qualcomm Innovation Center, Inc. (QuIC), which is a wholly owned subsidiary of Qualcomm, said today that it has acquired iSkoot Technologies Inc.. iSkoot Technologies includes substantially all of the assets of San Francisco-based iSkoot, a developer of social networking and Skype-compatible voice-over-IP software for mobile phones. Financial terms of the buy were not disclosed. According to Qualcomm, iSkoot will focus on supporting its current customers, integrating its offerings with Qualcomm's products, and developing open source data management for mobile devices. Qualcomm said it specifically acquired iSkoot due to its development of a technology to move data from mobile handsets in a way that reduces bandwidth usage and saves battery life on phones. iSkoot was backed by Charles River Ventures, Jesselson Capital, Khosla Ventures, Vision Opportunity Master Fund, and ZG Ventures.

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