Chips giant Qualcomm is acquiring the Israeli startup iSkoot Technologies for a price expected to be somewhere between $60 million and $80 million.
The actual price was not disclosed.
iSkoot is based in San Francisco and maintains an R&D center in Beit Shemesh. Its technology enables simpler mobile phones to take on certain attributes of smart phones. One attraction is software the company developed to aggregate social network input into a single cellular application without taxing the phone's physical capacities - or in English, without killing its battery.
The company's basic platform is called Kalaida, which it sells to mobile service providers, including AT&T and Verizon. The platform has a number of components, one being the KalaidaNotifier, which includes access to online services such as email, texting, RSS feeds and social networks.
KalaidaVoice enables the mobile service provider to offer calling via Internet to owners of "plain" mobile phones, as well as data services. It also supports services such as Skype.
A third component is KalaidaLive, launched in March 2009, to bring online services to users of simple mobile phones.
To date, iSkoot has raised $32 million from investors, including from Master Fund, Charles River Ventures, Khosla Ventures and ZG Ventures. Among the beneficiaries of the exit will be the startup's founders, brothers Jacob and David Guedalia, who should each make $3 million to $4 million.