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

Posted Apr 13, 2011

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]