Skype acquiring GroupMe, the group messaging service for $80 m

skype-GroupMeSkype is buying the American startup GroupMe, which allows sending group messages, for $ 80 million, reports The Wall Street Journal referring to informed sources.

The startup that was founded in 2010 has been developing applications which enable users to create private groups and share their information, including through usage of mobile technologies. The technology also enables users send text messages to group of people, and also make conference calls.

The deal is expected to be signed on Monday.

“We think the mobile group messaging space is very important,” said Skype Chief Executive Tony Bates. “It means furthering the breaking down of barriers to global communications.”

GroupMe has good experience in group messaging, working on mobile platforms. The acquisition of this service will perfectly complement the voice, video and text products of Skype family. In February this year GroupMe reported that the number of daily messages sent through it had reached one million. It also launched an updated version of applications for iPhone and Android devices, and later added the ability to share photos in groups, and improved the user interface of program. The company GroupMe managed to raise about$ 11 million in funding from partners such as Khosla Ventures, First Round Capital, Betaworks, SV Angel, Lerer Ventures, General Catalyst Partners and Founder Collective.

In May it was announced that Microsoft Corp. is acquiring Skype. The deal is still pending before the regulators.

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Naveen Kar

Took up writing by chance, his special interest in technology and gadgets has made him an important member of the Socialbarrel team.