Twilio has been making strides to improve its WebRTC capabilities and part of its strategy includes making acquisitions to advance its objective. In September, the cloud-based telephony company purchased the team behind the Kurento Open Source Project and its assets. At the time, the financial terms were not disclosed, but now we know the deal was for $8.5 million in cash.
In a filing with the Securities and Exchange Commission, Twilio revealed that it had picked up proprietary WebRTC media processing technologies; select licenses, patents, and trademarks; and some employees who worked on the service, although specifics were not provided.
Read more on VB