Ribbit Sold!

The sale of Ribbit to British Telecom, which was delayed for sometime for reasons likely having to do with internal matters, has apparently closed.

105 million is a pretty price, and I expect to see some other companies grabbed in the next few months as M&A activity is heating up. In the case of Ribbit though they're just getting around to releasing their software. That spells great news for client IfByPhone (see post below) that already has a working platform and paying customers who are using a similar toolkit and are developing lightweight, proven need case applications.

Note: Both companies were present and participated at eComm 2008 last March in Silicon Valley.