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Microsoft Acquires Internet Voice Startup

Microsoft Corp. said Tuesday it had acquired Teleo Inc., a small San Francisco startup whose software lets people make calls from computers to traditional telephones. The deal for privately held Teleo, which closed Monday, could allow Redmond-based Microsoft to gain a competitive edge in the growing market for Internet-based calling services. Terms were not disclosed.

Read the whole story at Associated Press Via IT Toolbox, August 31, 2005 »

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