Tuesday, July 29, 2008
BT Acquires Ribbit
Ribbit's tool kit for third-party developers is part of the attraction.
By Erica Naone
Ribbit, a company that
is building a telephone system that integrates regular phone lines with
Internet phone services, announced
today that it has been acquired by BT,
a large communications company. The company says that BT was attracted to the
deal in part because of the tools that Ribbit makes available to third-party
developers, which can be used to build custom voice applications. TechCrunch reports
that BT paid $105 million for Ribbit.
Massachusetts Institute of Technology
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