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Vodafone Buys Zyb for $49M

Posted on May 16, 2008

Finally, a wireless company makes a smart acquisition. Vodafone has acquired Danish wireless address book company Zyb, whose service I have often used to keep my growing array of mobile phones synchronized, for 31.5 million euros, or roughly $49 million. Zyb had raised around $4.7 million in VC funds, with Nordic Venture Partners the biggest investor. This deal is also another win for Morten Lund, who was an early investor not just in Zyb but in Skype.Vodafone is making a lot of noise about using Zyb s social networking abilities for its mobile platform, but this is utter rubbish, and distra...

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broadband , mobile , skype , social networking , vc , wireless