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QI Software, an Irish software company, is in talks with a number of internet and internet-based services providers to buy the business of QuiSoftware, which owns QuiTalk, a popular chat platform.
The Irish Independent has learnt that the Irish company has agreed to buy QI’s popular messaging app, which is widely used by consumers and businesses in Ireland.
QI has been working to buy QuiSoft, which runs the popular QuiChat and QuiMessage services, for a number years, and recently raised $2.5bn in Series C funding led by SoftBank, with a focus on the internet.
Qui Software, which was founded in 2008 by Michael McKeown and Andrew Leggett, has a growing following and is now a unit of Irish multinational Cisco Systems.
In recent years, Qui has expanded into other areas, such as gaming and mobile apps, and is also developing a mobile gaming app called QuiGo.
The company has offices in New York and New Jersey, and has offices worldwide.
In April, Quiznos agreed to acquire a majority stake in Qi, with another investor, US-based Capitalone, taking a smaller stake.