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France Telecom to invest in IM developer

Webb Interactive Services, owner of instant messaging company Jabber.com, says it has secured $7 million in funding from France Telecom Technologies (FTT) in exchange for a 23 percent stake. In addition, an FTT representative will join Jabber.com's board. FTT, a subsidiary of France Telecom, has licensed Jabber.com's technology for six months. Jabber.com CEO Rob Baigley said in a statement that investment is part of a move toward "providing real-time communication solutions across a broad range of applications, services and devices."

Webb Interactive Services, owner of instant messaging company Jabber.com, says it has secured $7 million in funding from France Telecom Technologies (FTT) in exchange for a 23 percent stake. In addition, an FTT representative will join Jabber.com's board. FTT, a subsidiary of France Telecom, has licensed Jabber.com's technology for six months. Jabber.com CEO Rob Baigley said in a statement that investment is part of a move toward "providing real-time communication solutions across a broad range of applications, services and devices."