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February 14, 2006
Sweden's Enterprise SIP Co. Hotsip Bought By Oracle
Is Oracle sending a message to rival SAP that Europe is its territory as well? Oracle has been making a growing number of small but sweet M&A deals in Europe over the past few months. Hotsip is highly regarded in its field. Now will see if these nice guys from Sweden get along with the thugs from Redwood shores.
Terms are not disclosed. Hotsip had raised around $18M in VC funding since its 1999 inception, from firms like 3i, Arganor Wireless Ventures, GO Capital and Ledstiernan AB.
If you are not familiar with it, Hotsip sells SIP application servers for large scale, carrier grade SIP enabled broadband and 3G/IMS networks.
View - Hotsip Has been acquired by Oracle (Company Site)
Posted on February 14, 2006 10:33 PM | Posted to VoIP | Permalink
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