• Tech Crunch, Monday, January 31, 2011 3:46 PM

KIT digital has acquired three social software and video companies, TechCrunch is reporting. All told, the cloud-based video asset management company just dropped about $77 million on New York City-based KickApps, Paris-based Kewego, and San Francisco-based Kyte. Per the deals, KickApps CEO Alex Blum has been named Global COO of KIT digital, while KickApps CFO David Lapter will now serve as SVP Finance and Administration within KIT digital. Blum will be responsible for the overall business operations of the company, including product management, R&D, client operations, and business administration.

"So why KickApps, Kewego and Kyte -- apart from the fact their names all start with a 'k'?" TechCrunch asks. "According to KIT digital executives, KickApps adds significant technology and product synergies to the company," while Kewego provides IP-based, multi-screen video asset management solutions, and Kyte offers a cloud-based publishing platform. In the words of KIT digital CEO, Kaleil Isaza Tuzman: "We are intent on becoming the one-stop shop for medium and large-sized corporations' video needs, delivering IP video management services from the eyes behind the camera shooting the video to the person watching it on any device -- from lens-to-lens."

Read the whole story at Tech Crunch »