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September 12, 2013 06:51 pm GMT
Fring, an early startup that focused on creating group messaging and video calling apps for mobile phones, competing against the likes of Skype and WhatsApp, is calling it a day as an independent entity: it has been sold to Genband, a provider of services like IP gateways and billing and other services to mobile, fixed and cable carriers. Terms of the deal have not been officially disclosed, but we have heard from a source that the price was $50 million.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eiLgmUZbaUk/
Fring, An Early Mover In Mobile Messaging And Video Apps, Sells For $50M To Genband To Build Out WhatsApps For Carriers
Fring, an early startup that focused on creating group messaging and video calling apps for mobile phones, competing against the likes of Skype and WhatsApp, is calling it a day as an independent entity: it has been sold to Genband, a provider of services like IP gateways and billing and other services to mobile, fixed and cable carriers. Terms of the deal have not been officially disclosed, but we have heard from a source that the price was $50 million.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eiLgmUZbaUk/
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