KIT Digital To Acquire NYC Based The FeedRoom

KIT digital has agreed to buy NYC based The FeedRoom in a deal that will be announced by Monday. Employees of The FeedRoom will be moving from their current office to the KIT digital location on 5th Avenue. For KIT digital, this fits nicely into their plans of wanting to do more business in the U.S. since to date, most of their revenue comes from outside North America. Acquiring The FeedRoom gives them a U.S. based company that's been around in the industry for nearly ten years and has a nice roster of enterprise based customers.

I'll post more details of the sale when I have them.

Related:

- 3/09: The FeedRoom Launches New Website, Back To Focusing On Enterprise Video

- 3/08: FeedRoom Acquires ClearStory Systems: Content Management Still Evolving

Comments

[Mike]

Eyebrows raised at Brightcove over this, no question.

[Barney Fife]

Yawns raised over at Brightcove. Seriously, come on.