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Russian Nikolay Abkairov Founded Qik Bought by Skype for $150 Million

Files under: Mobile, News, Tech, Web 2.0
Posted by: admin @ 04:29 [12. 01. 11]

Zelenograd, Moscow region Nikolay Abkairov used to manage VoIP technical teams for embedded software developer Spirit DSP. In 2006, Nikolay Abkairov together with former Oracle executives Bhaskar Roy and Ramu Sinkara founded Qik, mobile video streaming service. The trio raised angel funding from Vijay Tella (formerly from Oracle and founder of TIBCO) who became CEO of Qik in 2008.

In April 2008, Qik received $3 million funding from Marc Benioff (Salesforce.com), Arjun Gupta (Telesoft Partners) and George Garrick (Jingle Networks). In September 2008, Qik received an undisclosed amount of funding from Marc Andreessen and Ben Horowitz. In mid-2009, Qik received $5.5 million from Quest Venture Partners, Camp Ventures and Almaz Capital Cisco I Fund from Russia.

Qik mobile client software downloads soared from 0.6 millon to 5 million in 2010. That was a result of Qik‘s partnerships with mobile telecom operators and smartphone makers in the US, new Qik features such as two-way live video chat and video email, and Qik availability for almost any smartphone on the market.

In January 2011, internet communications company Skype agreed to acquire Qik for $150 million, including earn-outs. The acquisition price repotedly includes initial consideration of $100 million plus up to $50 million in earn-outs based on future performance.

Out of sixty employees, Qik has fifty technical people in its R&D office in Zelenograd, near Moscow. The other ten people – the Qik management and top executives are based in Redwood City, California.

It is noticable that Qik was the first exit for Almaz Capital of Alexander Galitsky.

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