KIT Digital Acquires KickApps in Triple Buyout Bonanza

KickApps, a New York-based company that facilitates social media outreach, has been purchased by KIT Digital, a web video company. KIT also bought European video service provider Kewego and West Coast video platform Kyte, according to TechCrunch.

A couple of high-ups at KickApps will now be assuming major roles at KIT. CEO Alex Blum will become global COO of KIT digital, and CFO David Lapter will become senior vice president for finance and administration at the acquiring firm”

KickApps is said to derive in excess of $12 million in annualized revenues, with the large majority derived from recurring software license fees from its software solutions.

KickApps has approximately 60 staff members, and raised $32 million in venture funding.

mtaylor [at] observer.com | @mbrookstaylor

 

KIT Digital Acquires KickApps in Triple Buyout Bonanza