November 29, 2016 Comments Off on Amazon acquires Biba Systems
Video conferencing is one of the most exciting sectors in the communications industry. According to Global Industry Analysts, the global market for video conferencing services is expected to reach $2.9 billion in 2020, which might be the reason why companies like IBM, Microsoft, Oracle and Amazon are expanding beyond their core businesses and starting to beef up their video conferencing capabilities. Last week, Amazon reportedly acquired Biba Systems, a California-based video conferencing and messaging startup for an undisclosed amount. This latest acquisition follows the company’s purchase of Twitch, a live-streaming video platform, and Elemental Technologies, a software company that specialises in providing multi-screen video solutions. Analysts predict Amazon could combine all these technologies together to launch its own video conferencing service and tap into the billion-dollar industry.
© 2017 Online Agility Investments, Acquisitions and Venture Capital Database | Internet DealBook. All Rights Reserved.