X-Ten makes the free softphone I use for SIP connections to Asterisk. I read on theirSipThat.com blog that they recently went public. So, I’m thinking this isn’t a Google-sized IPO, since I didn’t hear about this until 12 days after it happened. I decide to poke around and find out why.
Here’s the interesting part: the company that bought X-Ten and made it “public” was previously focused on the adult-entertainment business (NSFW). Against all odds it wasn’t too successful, generating a mere 1,200 bucks in revenue for the fourth quarter of 2003. Makes you wonder how such a company buys such a promising software company, doesn’t it?
Both of these companies are incorporated in Nevada, a state with notoriously lax, swindle-friendly corporate laws. Makes me wonder what’s really going on with this merger, and what will become of this admittedly cool, free application.