Online video distributor KIT Digital has acquired TheFeedRoom for approximately USD9.8m in stock, following its recent acquisition of Nunet. The deal price is less than many observers expected, given that TheFeedRoom has raised a reported USD61m since its launch in 1999.
Company CEO Kaleil Isaza Tuzman says the acquisitions of TheFeedRoom and Nunet will ?expand our client base, core capabilities and our commitment to serving video to the ?three screens’ of the mobile device, browser and television through an IP set-top box?. TheFeedRoom provides online video management for marketing and branding and other media services.
StrategyEye's related categories: Online Video, Production Tools - Media, Video Delivery Services
StrategyEye's related companies: The FeedRoom, Nunet, Kit Digital
