August 27, 2005
VoIP week review, Google, Skype and Vonage taking major steps to strengthen VoIP Market
VoIP has taken a giant leap forward in the past week. With Google announcing Google Talk and Skype opening up its platform for the online VoIP users, VoIP market is on the rise. Another VoIP carrier, Vonage has reportedly filed for an Initial Public Offering (IPO). According to TheDeal.com report, Vonage's move will help the company to generate a revenue of $600 million.
Google launched an Instant Messenger (IM) service called Google Talk. Google Talk will require the VoIP feature as mode of communication between the users. Google's announcement encouraged Skype to enter the VoIP market by integrating its Application Programming Interface (API) with the IM platform. The unique feature of this move is that Skype is offering this service in 27 languages. tmcnet.com reports:
This is what TMCnet's own Rich Tehrani had to say about Vonage's reported IPO filing: Vonage IPO would be a huge deal in the VoIP market. It is huge because Vonage will be a barometer for the entire VoIP industry and more importantly its success or failure will be amplified a thousands times due to its influence on the companies in this space and the capital markets reaction (or over-reaction) to whatever develops.
Read More: VoIP Week in Review From TMCnet: IPO's and Open Standards Galore
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