Google has acquired an Oslo-based audio and video streaming technology manufacturer- Global IP Solutions (GIPS).

According to a report from Reuters, the deal has been materialized at $68 million.

GIPS’s parent company Kistefos Venture Capital AS and Kistefos Venture Capital II DA concentrates on developing a technology that customer to stream audio and video files.

This company has strengthened its bonds with several developer companies and many VoIP services providers.

By the aid of this technology users can minimize the level of audio and video disturbances like jitter, echo et al to a very significant level enabling in providing a better viewing of videos.

Google's Engineering Director, Rian Liebenberg, said, “The Web is evolving quickly as a development platform, and real-time video and audio communication over the Internet are becoming important new tools for users,” according to Reuters.

This technology has is believed to widen YouTube’s video sharing technology to indefinite levels, claims industry experts.