Google goes for GIPS

Google is sniffing around VoIP specialist Global IP Solutions (GIPS), waving its fat wallet under the noses of the owners of the Norwegian outfit.

In a joint statement, the firms said: Google Acquisition Holdings Inc. would "make a recommended voluntary public cash offer to acquire all the issued and to-be issued shares of GIPS for NOK 13.0 (£1.43) in cash per share.

This values the company at around NOK 421 million (£46.1 million).

"Real-time video and audio communication over the Internet are becoming important new tools for users," said Rian Liebenberg, an engineering director at Google, in the statement.

"GIPS' technology provides high quality, real-time audio and video over an IP network, and we're looking forward to working with the GIPS team at Google to continue innovating for the Web platform."

Google already owns some VoIP technology through its acquisition of Gizmo5 and looks like it could beef up its Gmail service to go after VoIP leader Skype .

GIPS' board has recommended that shareholders accept the offer.