Skype to buy video archiving company

Skype has entered into a definitive agreement to acquire Qik, a US service provider that allows mobile and desktop users to record, transmit and store video footage.

Qik is available on Android, iPhone, Symbian, BlackBerry and Windows Mobile platforms, according to a statement by Skype.

Skype intends to tap Qik's engineers for its video streaming technology that optimises transmissions over wireless networks, while the acquisition adds recording, sharing and storage to Skype's platform.

Terms of the acquisition were not disclosed, however those close to the deal say the agreement is for US$100 million, according to Business Insider.

Qik claims to have five million users.