{"id":7113,"date":"2008-07-29T09:43:53","date_gmt":"2008-07-29T09:43:53","guid":{"rendered":"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/e-commerce\/ribbit_sold_to_bt.html"},"modified":"2008-07-29T09:43:53","modified_gmt":"2008-07-29T09:43:53","slug":"ribbit-sold-to-bt","status":"publish","type":"post","link":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/e-commerce\/ribbit-sold-to-bt.html","title":{"rendered":"Ribbit Sold to BT"},"content":{"rendered":"<p>Seems like the rumors were true. Ribbit was sold to BT for $105 million according to <a href=\"http:\/\/news.zdnet.co.uk\/communications\/0,1000000085,39453787,00.htm\">ZDnet<\/a>. Here are some thoughts on the matter from <a href=\"http:\/\/andyabramson.blogs.com\/voipwatch\/2008\/07\/ribbit-sold.html\">Andy Abramson<\/a> as well.<\/p>\n<p>Why would BT buy a company focused on <a href=\"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/ip-communications\/is-ribbit-the-phone-company-of-the-future.html\">communications development<\/a>? The primary reason is that they see communications changing rapidly and they want to be on the leading, not trailing edge of this trend. Perhaps most importantly, they don&#8217;t want the future of telecom to be exclusively in the hands of Google and Apple. This is a smart move by the UK-based telecom giant.<\/p>\n<p> Will BT be successful in this move?<\/p>\n<p>It is unclear becasue large service providers do not generally have similar cultures to Silicon Valley start-ups. Think total opposite in fact. In order to make this acquisition work, the founders will need to stay on for a while and be motivated to perform.<\/p>\n<p>They will also need to stay a standalone company. If they get rolled into BT you can start writing the obituary today IMHO.<\/p>\n<p>This transformation of communications is exactly why you need to be at the <a href=\"http:\/\/www.communicationsdeveloper.com\">Communications Developer show<\/a> this September in LA. C U There. \ud83d\ude42<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seems like the rumors were true. Ribbit was sold to BT for $105 million according to ZDnet. Here are some thoughts on the matter from Andy Abramson as well. Why would BT buy a company focused on communications development? The primary reason is that they see communications changing rapidly and they want to be on<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[158,168,178,171,180,181,172,1,160,162,199,1677,206,211,118,177,174,191],"tags":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/7113"}],"collection":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/comments?post=7113"}],"version-history":[{"count":0,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/7113\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/media?parent=7113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/categories?post=7113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/tags?post=7113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}