Report: Lithium Technologies is acquiring Klout
Lithium Technologies has acquired Klout, a startup that assigns scores to users based on their social media presence. Lithium Technologies is a social customer service company. According to Recode, the deal is signed but not closed. The acquisition is believed to happen through a mix of cash and Lithium private stock.
The acquisition is reported to be in the “low nine figures,” which means that it is at least $100 million. Klout has raised $40 million in total funding from Mayfield Fund, ff Venture Capital, Zelkova Ventures, Kleiner Perkins, Greycroft Partners, Lucid Ventures, Venrock, Institutional Venture Partners, CrunchFund, Microsoft, Draper Nexus Ventures, and a number of angel investors. Lithium Technologies raised over $150 million in funding from Shasta Ventures, Emergence Capital Partners, Benchmark, DAG Ventures, Tenaya Capital, SAP Ventures, and New Enterprise Associations. Their customers include AT&T, Sephora, Skype, and Telstra.
Nothing is confirmed from the companies yet, but we will update this post if and when it is.
[Source: Recode]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry