High-Def conference startup Vapps acquired

Citrix systems gobbled Vapps, a startup that provides audio and video conference for 26.6 million dollar cash. In the troubled times where we hear only about layoffs and company closures, these kind of news is soothing. High definition voice is nothing but good voice quality, which is achieved by recording the voice at a higher sampling rate (16KHZ). Also, “wideband” codec’s are used to for the voice calls to support high quality voice. Check out the website for more information on High Def conference

Here are some of the features supported by Vapps hi-def conferencing:
• Max 25 participants in a conference
• Free Web Controls, Recording & Hand-raising
• No Reservations needed
• Skype Call Duration – Unlimited
Skype participants have no additional charges and can call in for an unlimited amount of time

Azure which is one of the biggest investor in Vapps, said that it got a 3.6 times return on its investment over 18 months. So this turned out to be a good investment for azure.

Hope we get to hear more M&A news such as this. In the troubled times, keeping ourselves positive is very important. Though the acquisition amount may not be bigger, but it does convey the message that there is still lot of money with big companies.