The story
Founded by Bastiaan Kleijn, Espen Fjogstad and Roar Hagen in 1999.1
The company (formerly known as Global IP Sound) was founded in July 1999 in Stockholm, Sweden, by signal processing experts Roar Hagen (then GIPS’ CTO) and Bastiaan Kleijn (then GIPS’ Chief Scientist), Espen Fjogstad and Ivar T. Hognestad. The founders recognized that, at the time, most VoIP technology had been developed for circuit switched networks, and were therefore not suited to handle the network delay, jitter and packet loss presented by IP networks.
In May 2010, Google bought GIPS for $68.2 million. In June 2011, Google released WebRTC, a proposed standard for pluginless peer-to-peer audiovisual communication between browsers, with GIPS technology.
From Wikipedia’s article on Global IP Solutions, shared under CC BY-SA 4.0.3