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

Did You Know? VoIP Products Are Leading the Charge in Green Tech with Energy Efficiency?

In our gadget-loving, planet-hugging era, businesses are on the hunt for solutions that boost productivity…

4 days ago

Watch Now: 2024 October VoIP News Update

https://youtu.be/d167qfC_qCk?si=DVchHuXW_UT5dD8l Your October VoIP News Update is here! Tune in to get all the latest…

1 week ago

How To: How to Secure Your IP Paging System

Paging Dr. Smith, Clean Up Aisle 2, Johnny Report to the Office, Lost Car Key…

2 weeks ago

Shift from NEC to Sangoma: Powerful On-Prem Solutions for Business Webinar | October 2024

https://youtu.be/G8fuKPL8fSs?si=MIOeKuJM8S09K8px The time has come to make a switch from NEC, but we understand that…

2 weeks ago

October Hardware Roundup

S33 DECT Handset: Offers exceptional voice clarity and reliable connectivity for uninterrupted conversations. With durable…

2 weeks ago

Q&A: What Role Does Encryption Play in Protecting VoIP Communication?Q&A: 

I don’t know about you but when I heard the word encryption, I would think…

2 weeks ago