SabSe Technologies Acquires Jaxtr
HotMail Co-Founder and Telecom Serial Entrepreneur to Accelerate Market Penetration and Growth of Telephony Applications.
Mountain View, CA (PRWEB) June 8, 2009 -- SabSe Technologies, Inc. (www.SabSeBolo.com), a leading developer of value-added applications for telecom providers -- co-founded by HotMail co-founder Sabeer Bhatia, and proven serial entrepreneur Yogesh Patel -- today announced it has acquired jaxtr, the world's largest social communications company. Over the past several years, jaxtr has built a robust consumer service currently providing free and low-rate international calling to over ten million members around the globe.
Under the terms of the deal, SabSe will maintain and expand upon the jaxtr service, which will continue to operate under the jaxtr brand, alongside the company's existing SabSeBolo brand. SabSe's acquisition of jaxtr brings together two valuable consumer and business telecom applications now on a common platform. Jaxtr's large active user base will enable SabSe to accelerate deployment of its additional applications, and to leverage an instant audience for its innovative technology.
"Jaxtr's consumer services complement SabSe's SMB portfolio perfectly,"
noted Bhatia, who also serves as SabSe's chairman. "Aside from increasing our market penetration, this acquisition will enable serious growth for SabSe as we work with the local markets jaxtr currently serves," added Patel, SabSe CEO. "Jaxtr's customer base, technology, and active users will be significant in our accelerating SabSe's sales and market presence at a tremendous pace."
SabSe Technologies has developed a strong platform aimed at providing "Telephony Applications as a Service" (TAAS), coupled with a web-based API, allowing for unprecedented rapid development for telephony applications. In the last few years, SabSe has become a leader in the developing value-added applications, which are easily deployed by telcos around the world. SabSe's customers include AirTel, Tata and Celcom, among others.
About jaxtr
Jaxtr is a leading social communications company based in Menlo Park, CA. More than 10 million jaxtr users in 220 countries have linked their phone to the Web, so they can save money on international mobile calls, send free SMS messages worldwide and get a free global voicemail box online. Jaxtr members can find like-minded people in café jaxtr and actually talk with members who share their interests, whether or not they are online. By posting their jaxtr link on Facebook, LinkedIn and other social networking profiles, members can hear from callers worldwide while keeping their existing phone number private and screen calls before their phone even rings.
Jaxtr works with any mobile or landline phone, and no download is required even if calls are initiated from a mobile phone. Jaxtr is venture-backed by leading investors, including three of the original Skype investors. The company has raised more than $20 million dollars in funding.
About SabSe
Based in Mountain View, CA, SabSe was co-founded by Sabeer Bhatia, an original co-founder of Hotmail who was named among TIME Magazine's People to Watch in International Business in 2002, and CEO Yogesh Patel, a proven serial entrepreneur and founder of numerous start-ups, including Hotvoice Communications International, Inc. SabSe's current offerings include a hosted PBX and an Audio Conferencing application provided to telcos on its TAAS (Telecom Applications as a Service) platform.
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