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Monday, January 31, 2011
Exclusive: KIT digital Acquires KickApps, Kewego AND Kyte For $77.2 Million
TechCrunch exclusive - If you'd never heard about KIT digital before, you will after today. The provider of cloud-based video asset management solutions has acquired not one, not two but three social software and video companies. The company has acquired New York City-based KickApps, Paris-based Kewego, and San Francisco-based Kyte, for aggregate consideration of approximately $77.2 million. In conjunction with the acquisitions, KickApps CEO Alex Blum has been appointed to the new position of Global COO of KIT digital, while KickApps CFO David Lapter will assume the role of SVP Finance and Administration within KIT digital.
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