FORT LAUDERDALE, Fla.-VoIP Inc. announced it will acquire Wi-Fi technology company Apex Sight L.L.C. Following the acquisition, Apex will become a wholly owned subsidiary of VoIP Inc., which will offer converged voice-over-Internet Protocol and Wi-Fi solutions.
The value of the deal was not disclosed.
“The true market success of any particular technology can only be realized through global standards and concerted efforts to ensure the interoperability of multi-vendor products. This, in turn, will result in economies of scale, and ultimately, a healthy and competitive environment,” said Steven Ivester, chief executive officer of VoIP.
