Acquisitions

GroupMe Bought by Skype for More than $50 Million

Jared and Steve, two awesome, SMS, totally same size bros.

GroupMe just celebrated its one year anniversary, and founders Steve Martocci and Jared Hecht certainly had something to smile about. A deal in the works for months was just completed, with global VOIP giant Skype acquiring GroupMe for an undisclosed price north of $50 million.

The two co-founders have scored positions at Microsoft but will run the company from New York. And while GroupMe will remain independent, it is likely to become core to Skype’s efforts in mobile, SMS and social. Skype’s over 560 million global users will certainly do a lot to boost GroupMe’s profile and user network if the two companies are deeply integrated. Read More