Prague, Czech Republic – KIT Digital, a provider of online
video services, announced on Monday that it has acquired three firms —
KickApps, Kewego and Kyte — in deals collectively valued at $77.2 million.
New
York-based KickApps offers social media development tools, while Paris-based
Kewego provides digital signage and San Francisco-based Kyte operates a live
video streaming service.
Prague-based KIT said the acquired companies saw
combined 2010 revenues of about $25 million.
"These strategic acquisitions
complement and enhance our existing product offering while growing our market
share across geographies and client verticals," said KIT digital chairman
and CEO Kaleil Isaza Tuzman.
"They support the company’s aim to deliver
end-to-end solutions covering each major aspect of Internet Protocol (IP) video
management for our three primary client verticals: network operators,
content distributors and general corporate enterprises."
The company also
said it appointed KickApps CEO Alex Blum as global chief operating officer for
KIT digital.
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