Skype Buys Messaging Startup GroupMe

Skype said Monday that it would buy one-year-old mobile messaging startup GroupMe. Terms of the deal were not released. GroupMe is based in New York, and raised $11.5 million from investors including Khosla Ventures, First Round Capital, Lerer Ventures and General Catalyst Partners.

PRESS RELEASE
Skype today announced it has entered into a definitive agreement to acquire GroupMe, a provider of mobile group messaging services that helps users stay in touch and make decisions. GroupMe was founded in 2010 at the Techcrunch Disrupt Hackathon and is headquartered in New York, New York. Terms of the acquisition will not be disclosed.

Through the acquisition of GroupMe, Skype continues its drive to provide a global multi-modal and multi-platform communications experience. The acquisition of GroupMe complements Skype’s leadership in voice and video communications by providing best in class text-based communications and innovative features that enable users to connect, share locations and photos and make plans with their closest ties. This, coupled with the acquisition of mobile video provider Qik, which Skype announced earlier this year, augments Skype’s role as an innovator in driving unique mobile user experiences.

“Skype and GroupMe have a shared vision of creating applications and experiences that are the daily communications choice for a billion people. We will continue to seek the top talent and technology to make that vision a reality,” said Tony Bates, Skype’s Chief Executive Officer. “The GroupMe team has created an incredibly sticky group messaging experience that works across mobile devices and platforms, making this a perfect addition to the voice, video and text products in the Skype family,” added Bates.

“There is a natural affinity between Skype and GroupMe and our goal is to continue developing tools that make it easier for people to communicate, share, and stay in touch with their close and important ties,” said Jared Hecht, GroupMe’s Co-Founder. “Integrating GroupMe into the Skype experience is an amazing opportunity for us and accelerates the execution of our vision tenfold,” added Steve Martocci, GroupMe’s Co-Founder.

About Skype
Skype is a communications software whose purpose is to break down barriers to communication. With an Internet-connected device, families, friends and colleagues can get together for free with messaging, voice and video. At low cost, they can also call landlines or mobiles virtually anywhere in the world. Skype has recently introduced group video, allowing groups of more than two people to do things together whenever they’re apart.

Founded in 2003 and based in Luxembourg. Skype can be downloaded onto computers, mobile phones and other connected devices for free at www.skype.com.

About GroupMe
GroupMe is the easiest way to start conversations and keep in touch with your real life network. It’s totally free, and it works on every phone.