Skype acquires mobile video services provider, Qik

The leading VoIP service provider, Skype, plans to purchase Qik, a provider of mobile video software and services for an undisclosed amount--but rumoured to be in the region of US$100 million.

Qik, which was founded in 2006 and has around five million users, has 60 employees and is headquartered in California. It also has an office in Moscow, Russia.

Skype said the acquisition would now be able to leverage the engineering expertise that is behind Qik's Smart Streaming technology, which optimises video transmission over wireless networks. Article