SabSe Acquires Jaxtr, VoIP Consolidation Begins?

SabSe Technologies has acquired jaxtr, a social communications company offering a free VoIP service.

The value-added application provider aims to sell its apps to Jaxtr's large active user base of around 10 million users.

Cofounded by HotMail co-founder Sabeer Bhatia and entrepreneur Yogesh Patel, SabSe wants to add additional functionality to its core small business offerings following the purchase of Jaxtr.

The terms of the deal were not released but Jaxtr is venture-backed and has raised more than USD $20 million dollars in funding.

Jaxtr's acquisition follows that of NewStep Networks by the Canada-based hosted VoIP software applications provider Natural Convergence on Monday - signalling a possible shake-out in the VoIP sector.