Voip-Pal, a broadband VoIP service provider, is swiftly moving toward cementing its position into what the CEO keenly identifies as a “lucrative market.”
Just last week, the company announced to the press its successful acquisition of Digifonica Gibraltar, and subsequently five revolutionary VoIP technology patents.
Today, Voip-Pal announced the patents have successfully completed beta testing for their ground-based servers, and the company will test the integration of the new patents with their cloud-based servers.
Acquiring Digifonica’s patented technology has fattened up Voip-Pal’s compendium, increasing their shareholder value. TMCnet’s report of the acquisition last week reveals that under the terms of the contract between Voip-Pal and Digifonica, Viop-Pal possesses 100 percent ownership of all Digifonica patents.
The patents, which insiders describe as “revolutionary and proprietary,” will revamp five areas of Voip-Pal’s existing telecom services: Routing, billing and rating (RBR), lawful interception (LI), short code or emergency dialing, SMS gateway and advanced interoperability.
Voip-Pal intends to update the public on each successful patent integration as it is deployed. Many of the technologies for Voip-Pal’s ground-based servers are successfully completed, so the announcements will likely address the outcome of Voip-Pal’s Cloud-based server testing, which today’s report states is “currently underway.”
The acquisition of Digifonica and its patented technologies will ultimately score Voip-Pal additional sources of revenue – not just from their inflated population of subscribers, but also from other telecom companies that will find themselves in need of purchasing their technology licensing.
Acquiring businesses for their technology assets is one way that service providers stay ahead at the market. TMCnet covered a study by Infonetics (News - Alert) that showed that Comcast was last year’s highest-rated VoIP service provider in the U.S., and this was mostly due to their acquisition of New Global Telecom (News - Alert).
"With the VoIP service industry generating revenues of $58 billion in 2011 and mobile VoIP subscribers projected to reach 410 million by 2015, Voip-Pal is well positioned to gain a substantial share of this lucrative market," said President Dennis Chang of Voip-Pal.
Edited by Braden Becker