August 31, 2005 |
Microsoft Corp. said it had acquired Teleo Inc., a San Francisco start-up whose software lets people make calls from computers to traditional telephones. The deal for privately held Teleo, which closed Monday, could allow Redmond, Wash.-based Microsoft to gain a competitive edge in the growing market for Internet-based calling services. Terms were not disclosed. Microsoft already uses voice over Internet protocol technology in some products, including its instant-messaging program.