With the increase in remote work, the need for video conferencing software has followed suit. Today, Skype remains one of the most popular telecommunication software, with more than 300 million monthly active users.
In 2011, Microsoft acquired Skype for a whopping $8.5 billion, further boosting the application's expansion. In 2010-2011, Skype made its way to the mobile marketplace.
Skype continued releasing new features like improved video calling and screen sharing in the newer versions in the following years. In the same year, eBay acquired Skype for $2.5 billion and later backed off in 2008 after being dissatisfied with the investment. The new version revolutionized the internet calling industry, and Skype quickly gained popularity. The first public version of the application only allowed PC to landline calls on a fee schedule.īetter versions followed the initial 0.90 beta version, the most important of which was version 2.0, released in 2005. Skype was initially called Skyper, which was an abbreviation of Sky-Peer-to-Peer. Skype history takes us back to August 2003, when Niklas Zennström and Janus Friis launched its beta version. Want to learn more about Video Conferencing Software?Įxplore Video Conferencing products. By combining VoIP and P2P with encryption technology that protects the privacy of all its clients, Skype provides a comprehensive set of online communication services. It lets devices connect directly without a central server. Skype is a voice over internet protocol (VoIP) service that converts audio and video into computer data and uses the internet to transfer the same data around the world. At the receiving end, the digital data is converted back into analog audio and video signals using a coder-decoder (codec) algorithm.Īnother technology that brings users together is a peer-to-peer (P2P) connection. Since its inception in 2003, Skype has been one of the most successful video conferencing platforms because of the exceptional technology that goes behind connecting people. Its platform provides video and voice calls, instant messages, conference calls, and file exchange. Skype is a free telecommunications software widely used for teleconferencing and remote work.
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