Skype, owned by the auction giant eBay, said on Tuesday that it would acquire a "speech processing" technology company in the United States in the form of $27 million in shares.
It is reported that eBay will purchase this Sonorit Company and its affiliated organization Camino Networks in the form of 0.7 million shares.
Skype said that the acquisition of Sonorit took a fancy to the company's experienced development team. It is reported that the team will play a huge role in the future of Skype Speech Products. "We are excited to join the talented development teams under Camino and Sonorit ." One of the founders of Skype and Mr. CEOZennstrom expressed their excitement at the press conference. It is reported that in the past few months, Skype voice services have made great strides in both the common consumer and commercial user markets.