Categories: VoIP News

Ribbit Sells For $105 Million

I wrote two weeks ago about Ribbit, the next generation phone service provider getting purchased by BT for a reported $55 million, but it now looks as if the company received $105 million. The deal took a few weeks to finalize (not that it is indicative of anything) and when ti was officially announced, the total amount paid by BT had almost doubled. This isn’t just good news for telecommunications entrepreneurs, but in many ways it is “validation” that the voice 2.0/ teleco 2.0 era is upon us.

Many will debate the price paid for Ribbit and the fact that they do not have any revenues (yet), but to a company like BT $105 million is a drop in the bucket compared with the potential return that the Ribbit technology platform could bring them. It will be very interesting to see if BT will “close-up” the platform or keep it open; monetizing it by giving businesses the ability to easily create telephony applications.

Garrett Smith

Garrett is the former VoIP Supply CMO.

View Comments

  • In the story I read, BT made a point of saying that it's a big deal to allow developers access to their infrastructure via an API.

    This is great news for the industry, and IfByPhone in particular. A huge company seeing value in CEBP (Communications Enables Business Processes) shows how quickly the market is maturing.

  • @Khyle: I know that is what they said, expect most companies do not have a great record when it comes to developers and open platforms.

    BTW, congrats on the new Lead Generation product - very cool.

  • @Garrett - thanks. We have a few more things up our sleeve. And our Voice Broadcast app for the iPhone has been pretty popular too.

Share
Published by
Garrett Smith

Recent Posts

Viking Panel Phone K-1900712LIPEWP: Product Feature and How to Register with Sangoma PBXact

https://youtu.be/Gex7e6jUGSA?si=ts4-9p6JlWS4ZsC8 If you need a rugged, reliable VoIP panel phone that auto-dials with ease, the Viking…

11 hours ago

Viking VoIP Emergency Phone E-1600-IP-EWP: Product Feature and How to Register with Sangoma PBXact

https://youtu.be/FE2kcF7KjgQ?si=inw4thEr2thxgGeL When it comes to security, you should never cut corners. Having something that you…

3 days ago

Watch Now: 2025 March VoIP News Update

https://www.youtube.com/watch?v=X2_HXAv73FI Your March VoIP News Update is out now! This month we showcase an awesome…

1 week ago

Did You Know:  New MS Teams-Certified Services, Products & Devices!

It is certainly no secret that leading platforms such as Microsoft Teams have grown in…

1 week ago

Snom M56 DECT Phone & M500 Base Station: Product Feature and How to Pair Devices

https://youtu.be/7_EIZKXqG3w?si=nvWqq8EAe58AJ6Dp Over the years, we have seen several advancements in DECT technology, and with that,…

2 weeks ago

How To: Prepare Your Business for Upcoming Tariffs in the VoIP Industry

With all of this talk about tariffs, we wanted to provide you with some information…

2 weeks ago