Tech Company M&A Transactions
Ribbit Acquisition
Ribbit, based in Mountain View, was bought by British Telecommunications Group. Deal value was $105 million.
Transaction Overview
Company Name
Acquired By
Announced On
7/29/2008
Transaction Type
M&A
Amount
$105,000,000
M&A Terms
BT Group Plc (BT-A.L), a provider of communications, solutions and services, said it acquired Silicon Valley-based telecommunication services provider Ribbit Corp. for $105 million in cash, on a cash-free, debt-free basis.
Company Information
Company Status
Acquired or Merged
Industry
Telecom
Mailing Address
2570 W. El Camino Real 288
Mountain View, CA 94040
USA
Mountain View, CA 94040
USA
Phone
Website
Email Address
Overview
At the core of Ribbit's technology is the Ribbit SmartSwitch, a sophisticated multi-protocol soft-switch that bridges the worlds of traditional telephony with next generation networks and protocols.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ted Griggs
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Where The Data Comes From
We report on tech company VC transactions. VC investment data records reported here are derived from publicly available VC deal announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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