Skype might still be in a holding pattern from Microsoft's May announcement that it was acquiring the company for $8.5 billion, but that hasn't stopped Skype from picking up a brand-new purchase of its own. The company announced today that it is planning to acquire GroupMe, a group text messaging and conference calling service that's just a year and change into its existence.
The actual cost of the acquisition and other terms of the transaction won't be disclosed, according to Skype's announcement.
"The acquisition of GroupMe complements Skype's leadership in voice and video communications by providing best in class text-based communications and innovative features that enable users to connect, share locations and photos and make plans with their closest tie," reads Skype's statement.
Square CEO Jack Dorsey is on stage at TechCrunch Disrupt right now, and he just announced a new product from the company called Square Register. It's an app for the iPad that prety much turns the device into a full on cash register on steroids. It also includes a bunch of analytics, which lets users see all sorts of data. For example, a coffeehouse can see how many lattes they sold last Tuesday, how many customers also bought biscotti, or what trends happen when it's rainy out. The product works with a consumer app called the Square Card Case which acts as a digital loyalty card, menu, receipt holder, map, and payment card all in one. The new Register and Case Card service is debuting with 50 merchants spread across San Francisco, Los Angeles, New York City, St. Louis, and Washington, D.C. These include bakeries, coffee shops, restaurants, salons, flower shops, and more.
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