Telefónica Digital Acquires TokBox

LONDON -- Telefónica Digital today announced its acquisition of TokBox, the leading video communications platform. The acquisition of TokBox, based in San Francisco, builds on Telefónica Digital’s strategy of driving innovation in its core business of communications, with capabilities that will now extend beyond voice and messaging to live video.

TokBox’s OpenTok Video Platform enables the rapid development of live video-based communications services through the simple addition of video calling into websites and mobile applications.

Telefónica will leverage TokBox’s Platform to enhance the communication services it offers business and consumer customers, adding cross-platform Web-based video communications to its existing voice and messaging capabilities. This will be offered both directly via tailored solutions and through the provision of APIs and applications so businesses and developers can produce their own services. Telefónica and TokBox will work to incorporate video APIs into the BlueVia platform, creating a unified video, voice and text API service with global reach.

Telefónica SA (NYSE: TEF)