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KIT Digital Buys IP Video Management And Delivery Company Ioko

by Nick Brookes on April 12, 2011

KIT Digital, provider of video asset management software and related services, have announced the purchase of IP video management and delivery company, Ioko for $91.4 million in cash and stock.

“Ioko provides an end-to-end managed cloud-based platform for multi-screen video delivery over connected IP devices to telecommunications cable, media and entertainment companies around the world, with a particular focus on North American, Northern European and Australasian markets. Ioko currently generates approximately $54 million in annual revenues related to IP video asset management, through a combination of recurring managed service fees, software licenses, maintenance fees and professional services.” [Read More]

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