Web 2 Voice

Voice 2.0, VOIP, Social Media

Official: Ribbit acquired by BT for $105 mill

Saw the news first on Luca’s blog (OFFICIAL: BT acquires Ribbit for 105 Million).  The press release can be found here. I discussed this previously here, mainly agreeing with Thomas Howe’s take.  But in reading the press release, it sounds as if BT paid $105 million for easier access to developers.

Some snippets:

JP Rangaswami, managing director of service design at BT, said: ‘Silicon Valley is emerging as a hotbed of telecommunications innovation. With Ribbit, not only do we extend our presence in the Valley, but we also gain a groundbreaking platform, a growing community of developers and a world-class team that share a common vision. Buying Ribbit lets us accelerate that vision.’

Since its launch, Ribbit has attracted thousands of developers, launched an innovative solution for the enterprise software market, and has begun testing a consumer application scheduled for general release later this year. The acquisition of the Ribbit platform will complement BT’s existing capability in the software platform space with its award-winning Software Development Kit (SDK) initiative. BT’s SDKs enable developers to integrate new applications with BT’s services using a single line of code.

I’m in the Voice 2.0 industry.  This is great news for me, my employer, and the industry as a whole.  BT would seem to ‘get it’ so to speak.  When I translate this deal, I think that BT understand the value of CEBP (Communications Enabled Business Processing), and apparently Ribbit’s relationship with developers (presumably mainly Flex developers).

So at this point, it’s not important whether they’re going to build a ‘Grand Central’ competitor or Skype competitor.  It seems like BT just wants to stay a step ahead of the game.  Just think if there was a company that had actual off the shelf applications, an API that didn’t force you to use any particular language and a low price point.  I wonder what that would be worth?  Just asking.

EDIT: You should go check out Thomas’ take here.

  • Randy

    Thanks for information.

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