WebRCT Industry News

TMCNet:  Telefonica Digital acquires Tokbox

[October 25, 2012]

Telefonica Digital acquires Tokbox

Oct 25, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Telefonica Digital, a UK-based company engaged in the research and development, venture capital, global partnerships and digital services, has acquired TokBox, Inc., a US-based provider of a video chat platform and video conferencing application.

TokBox has 35 employees. Earlier, TokBox had raised venture funding from DAG Ventures, LLC, Bain Capital Ventures and Sequoia Capital.

Deal Type Acquisition Sub-Category 100% Acquisition Deal Status Completed: 2012-10-25 Deal Participants Target (Company) TokBox, Inc.

Acquirer (Company) Telefonica Digital

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