CallWave Inc. shelled out $9 million in cash to pick up WebMessenger Inc., a Los Angeles-based developer of messaging applications for smartphones.
CallWave, a privately held company that claims 42 employees, targets business users with cross-platform applications for conferencing and other communications. The San Francisco-based company said it will integrate WebMessenger’s messaging and presence offerings into Fuze, a high-definition video communications application for mobile phones and PCs scheduled to launch in the next few weeks.
“Being a part of CallWave will provide greater strength and stability,” said CallWave President Joe Naylor, “enabling us to take our technology further into the market.”
CallWave stock held firm at $2.29 per share following the announcement.
CallWave snares WebMessenger for $9M
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What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants