Skype has announced it has entered into a definitive agreement to acquire Qik, a provider of mobile video software and services. Qik has 60 employees, and is headquartered in Redwood City, California and has an office in Moscow, Russia. The transaction is expected to close in January 2011. The companies informed that terms of the acquisition will not be disclosed.
Qik was founded in 2006 and offers solutions to capture and share video with anyone across mobile devices, the web, and desktop platforms. Videos can be shared in real time or stored so moments can be viewed later, allowing for video messaging, sharing and archiving. The Qik service is available on over 200 mobile phones across the Android, iPhone, Symbian, Blackberry and Windows Mobile platforms, and comes pre-loaded on a wide variety of mobile handsets.
Both Skype and Qik have a common purpose of enriching communications and sharing with video, across any device. According to Skype, the acquisition of Qik "helps accelerate Skype’s leadership in video by adding recording, sharing and storing capabilities to Skype’s product portfolio. Through this acquisition, Skype will also be able to leverage the engineering expertise that is behind Qik’s Smart Streaming technology, which optimizes video transmission over wireless networks."
"The Qik team has delivered exceptional video experiences for its mobile partners and millions of end users across a range of devices," said Tony Bates, Skype’s Chief Executive Officer.
"Skype’s software enables an estimated 25 percent of the world’s international long distance voice calling minutes*, and approximately 40 percent of those Skype-to-Skype calls are happening over video. Qik’s deep engineering capabilities and strong mobile relationships will be an impressive complementary fit with Skype," he added.
Vijay Tella, Chief Executive Officer of Qik, said: "Qik has worked very hard to solve complex problems that allow millions of people everyday to take advantage of sharing their lives with those people who are most important to them. Joining Skype allows Qik’s team to unite with Skype’s talented team to develop new and innovative products for our customers and partners."