is pleased to announce that it has completed the acquisition of Digifonica Limited Gibraltar ("Digifonica Gibraltar"), owners of a vast and varied VoIP patent portfolio containing revolutionary proprietary digital voice technologies. Digifonica Gibraltar is now a wholly owned subsidiary of Voip-Pal.Com.
The acquisition immediately advances Voip-Pal.Com as a technical leader in the VoIP services market which had revenues of $58 Billion in 2011 and is experiencing double digit year-over-year growth. The patent portfolio will greatly enhance shareholder value and immediately contribute to significant revenue growth for Voip-Pal.Com as the number of mobile VoIP subscribers is projected to reach 410 million by 2015.
By completing this transaction, Voip-Pal.Com has acquired 100% ownership of a completely unique set of network based technologies and processes that will enhance subscriber and carrier functionality resulting in a substantial increase of average revenue per user. The technologies are predominantly software based, and capable of scaling over multiple network servers, in multiple countries worldwide, creating virtual network coverage that can span the entire globe, or a single neighborhood – at the need and budget of the carrier. Further, the patent portfolio provides solutions that will enable clients to meet or exceed forthcoming regulatory and legal requirements.
"Revenues from this newly acquired patent portfolio will be derived from applying the technology to our own operations, future royalties through licensing agreements, and a white label program," states Dennis Chang, President of Voip-Pal.Com. "A conservative estimate shows that potential royalty income alone from the Digifonica Gibraltar patents may exceed $200 million per year for Voip-Pal. Full descriptions, advantages and revenue estimates for each newly acquired patent will be released as they are individually integrated into Voip-Pal.Com's Cloud Server."