Voip-Pal.Com is set to acquire Intellectual Property (IP) pertaining to both wholesale and retail VoIP applications. 

The international VoIP telecom company is in the final stages of negotiations for these acquisitions that are expected to significantly increase shareholder value and contribute to revenue growth for Voip-Pal.Com.

Voip-Pal.Com offers local and long distance VoIP services to consumers and business owners. The company also provides VoIP communication and reseller solutions for its partners and is the enabler of international calls using VoIP technology on the internet, smart cell phones and PC Tablets. 

The company notes that the IP pertains to patents which are VoIP related for mobile applications, gateways, billing and much more. All of the patents are currently in use in the highly profitable VoIP services market. This market is projected to hit $74.5 billion in 2015, according to the research firm Infonetics (News - Alert) Research.

“As part of our overall strategy to generate increased revenues, Voip-Pal has been looking to acquire significant VoIP proprietary technology,” said Dennis Chang, president of Voip-Pal. 

“By owning this new IP, our company will immediately vault to the forefront of VoIP technology. We are excited to soon begin a totally new revenue stream through the licensing of these landmark patents. A final agreement is subject to customary closing conditions and will be announced upon completion.”

Voip-Pal.Com was in the news last month for providing an update on its business initiatives. The company said is continuing to provide VoIP solutions for the casual and business international travelers who must rely on their smartphones, laptops or tablets in order to communicate.