Skype Purchases GroupMe

Group messaging startup GroupMe has agreed to be acquired by Skype. GroupMe was started just a year ago by Jared Hecht and Steve Martocci and has already raised over 11 million from investors.

What is GroupMe?

GroupMe allows you to create on the fly private phone groups with others, and then send text messages throughout the group and set up free conference calls.

Skype intends to operate GroupMe as a standalone entity with their own product line, and look for integration points with Skype down the road. The acquisition could provide a great boost in visibility and credibility for GroupMe, exposing millions of Skype users to the tool.

Read the announcement on the GroupMe blog.


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