New KIT Digital Outpaces Competition
[Editor's Note: This article and video first appeared on Beet.TV, and we republish it here with kind permission.]
Prague-based, KIT Digital has done the year's biggest online video industry roll-up with its $77 million purchase of New York-based KickApps, Kyte in San Francisco, and Paris-based Kewego.
As part of the acqusition, Alex Blum, CEO of New York-basead KickApps, has become Chief Operating Officer of KIT. He is busy integrating the platforms, staffs, and customers into a global operation with hundreds of employees worldwide.
In this interview with Beet.TV, Blum says that the new company provides far more services than pure plays OVP (online video platform) companies. He says it "leapfrogs" ahead the competitive set.
KIT DIgital is pubicly traded on the NASDAQ as KITD. It has a market capitalization of $311 million.
KIT CEO Kaleil Isaza Tuzman was a co-founder of GovWorks.com which was subject of a 2001 documentary Startup.com -- a classic about the dotcom boom.
Below is our interview with him from last April.
Broad partnership encompasses 2D and 3D video for connected TVs, as well as multiscreen delivery.
Deals bring KIT Digital social media tools, new technologies, and geographic growth.
Megahertz and Accela bring the number of KIT acquisitions to five in the past 11 months
Acquisition gives KIT Multicast's transcoding service as well as its Media Suite online video platform