Caught up quickly with Omnisio co-founder Ryan Junee about the acquisition.

His hands are very tied re: talking to the press - so no new details here.

However, I asked him if he had any words for Aussie tech entrepreneurs and this is what he had to say.

Lately I’m seeing a lot of Aussie entrepreneurs doing great things out here in Silicon Valley.  I hope we’ve inspired more Aussie’s to take the plunge and have a go at a startup themselves

It’s broad enough to keep him out of trouble but specific enough to show they’re still interested in the success of Aussies overseas, which is good to hear.

I’ve promised not to interrupt their champagne drinking anymore, so we’ll have to wait for more official announcements for new info.

Looks like great news for the Omnisio boys with rumours floating around this morning that Google has acquired their business for $15 Million in cash.

Omnisio, an online video play, is a Y Combinator veteran from only a few months ago . We recently ran a 2 part interview (Part1, Part 2) with co-founder Ryan Junee which went through their time at YC and their future plans.

The companies only funding was through Y-Combinator. With 3 founders they would have received $20K. YC’s usual equity position is 6% which would put their cut of the sale at approximately $900K or a 45x exit. Nice.

For the Omnisio team its an excellent result as well. Particularly considering they only started working on the project part time in early 2007 and full time in October.

The best bit? Another Aussie success story and another team of guys with experience to pass down to the rest of us.

I’ll wait for the exact details (including a formal announcement - that would probably be good too..) as well as some more info from Ryan and update you all soon.

UPDATE: The boys have posted an anouncement on the Omnisio site.