KickApps, Kewego, and Kyte Get Acquired For $77.2 Million By KIT digital
KIT digital is a cloud-based video asset management company that has acquired three social networking companies for $77.2 million – KickApps (social networking), Kewego (web video project management), and Kyte (mobile video platform). KickApps CEO Alex Blum will be the Global COO of KIT digital and KickApps CFO David Lapter will be the SVP of Finance and Administration at KIT. KIT digital chairman and CEO Kaleil Isaza Tuzman wrote:
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
“We are committed to ensuring that our ‘VX-one’ video management platform has market-leading functionality that helps clients realize value across the video distribution value chain, from securing and capturing the right content to delivering it across multiple channels and via social communities.
We are intent on becoming the one-stop shop for medium and large-sized corporations’ video needs, delivering IP video management services from the eyes behind the camera shooting the video to the person watching it on any device—from ‘lens-to-lens’.”