Google buys Swedish IT company
TT/The Local · 20 Apr 2007, 10:32
Published: 20 Apr 2007 10:32 GMT+02:00
The deal also means that Google will assume responsibility for Marratech's dozen or so employees.
"It feels great. It's a wonderful opportunity for us. We couldn't have dreamed of getting a better partner," Peter Parnes, one of the founders of Marratech, told news agency TT.
Marratech, founded in 1998, makes software for electronic conferences.
The price tag has not been revealed but newspaper Dagens Industri reports that Google paid more than 100 million kronor for the northern Swedish company.
Until Friday Marratech was owned by the Sixth AP Fund and northern Swedish risk capital company Emano.