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October 25, 2012 03:33 pm GMT
Telefonica Digital, the new media arm of the giant Spanish carrier Telefonica, has made another big investment in its bid to become an international communications platform extending beyond basic voice and data services. Today, it announced that it would buy TokBox, a video calling platform that works across websites and mobile apps through a series of APIs that is currently used by 50,000 developers. Financial terms of the deal were not disclosed, but both sides are apparently pleased enough with the deal. To date, Tokbox has raised $26 million from investors such as Sequoia, Bain and DAG.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eo9q8JARX90/
Telefonica Digital Buys Video Chat Platform TokBox, An Airtime For The Rest Of Us
Telefonica Digital, the new media arm of the giant Spanish carrier Telefonica, has made another big investment in its bid to become an international communications platform extending beyond basic voice and data services. Today, it announced that it would buy TokBox, a video calling platform that works across websites and mobile apps through a series of APIs that is currently used by 50,000 developers. Financial terms of the deal were not disclosed, but both sides are apparently pleased enough with the deal. To date, Tokbox has raised $26 million from investors such as Sequoia, Bain and DAG.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eo9q8JARX90/
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