By now, you may be aware that Global IP Solutions (GIPS) and Google have entered into a transaction agreement under which Google will make a voluntary public cash offer to acquire all the issued and outstanding share capital of GIPS.
Google has been a valued customer of GIPS for many years and has greatly contributed to the development and innovation of our products to date. We have always respected their position in the industry and share the common vision of accelerating next generation innovation in the web-based solutions for real time communications.
You may have many questions regarding this announcement but for now, until the successful completion of the offer, it will be business as usual for us here at GIPS. You will continue to interact with the same team members and can expect the same level of support and commitment that you have received in the past. Google has informed us that nothing will change for current and prospective customers of GIPS. Following the completion of the Offer, Google intends to continue servicing GIPS’s customers in accordance with existing contracts while offering them the opportunity to transition to new offerings developed by Google. Although we will not have more significant details until the process is complete and full integration efforts are underway, we will keep you informed throughout as events arise.
Your company is a key customer of GIPS and we want to reassure you that GIPS will continue to honor and serve your needs and we will continue to fully support and enhance our products during and after the expected close of this proposed transaction. We have always been dedicated to serving our customers and will continue to work closely with you throughout this period.
We appreciate your understanding and patience during this process and please do not hesitate to contact me or any member of the GIPS management team.
Sincerely,
Emerick Woods
Chief Executive Officer, GIPS
Please visit: www.google.com/press or www.gipscorp.com