Ribbit sold, what's going on with Lypp?
Already a couple of days old now is the news that Ribbit just sold for $105m with (£53m) in cash. A congratulations is in order for Ted Griggs and his crew!
Due to this news Lypp is receiving a bit more attention and I have recently been asked by a few interested parties, “What are you going to do with Lypp?”.
The short answer is “We are building a profitable company.” The long answer is, “We are building a profitable company.”
Next week as we will be announcing the availability of the Lypp Teleconferencing service in more than 20 countries Worldwide with more to come shortly thereafter. Countries in this next release include; UK, Australia, Germany, Netherlands, Hong Kong and 15 more.
The international rates will be competitive, as an example Australia will be the same price as our North American rate at 9 cents/min with zero long distance calling costs. International Toll Free will be unnecessary considering Lypp calls all the meeting participants, in all countries served, at the time of the meeting.
So that is what is going on with Lypp. We are on track and I am thrilled with our progress. Yes, there are some interesting conversations in play and we will see where that takes us but the end game is to create a healthy company that continues to grow.