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]

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:

KIT Digital is a Prague, Czech Republic based video tool player company that has acquired a rival called Multicast. The deal is rumored to be worth about $18 million. This is about one week after KIT Digital announced a $15 million equity offering in order to buy back 4 million outstanding warrants. Multicast will receive about $4.9 million in cash and the rest is 1.3 million shares of KIT digital common stock. Multicast is based in Atlanta and they have over 90 employees. [paidContent]