Video Asset Management Company KIT Digital Acquires ioko For $80 Million

KIT Digital is a video asset management company that has acquired ioko for $80 million in cash and stock. ioko is a cloud-based video delivery services company that is generating about $54 million in annual management revenues. KIT recently acquired Polymedia, KickApps, Kyte, and Kewego. [Digital Media Wire]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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