What is Skype?

Oprah uses it. So does Paris Hilton. Jimmy Fallon's new show incorporates all sorts of technology and has jumped on the bandwagon, too.

 Skype, an internet-based telephone and video conferencing service was released in August of 2003 and in almost six years has grown its global business to 443 million user accounts.

 Skype is a free service used by both individuals and businesses to:

• Make free video and voice calls
• Send instant messages
• Share files with other users

The site's popularity largely stems from users' ability to make free long-distance calls and organize videoconferences with other Skype users.

 E-bay acquired Skype in 2005 for $2.6 billion and plans to make an initial public stock offering in 2010.

 To learn more about Skype and how you can reduce your business's communications expenses, click here.

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