KIT digital, provider of video asset management software and related services, has acquired Italy-based Polymedia for a net consideration of $34.4 million plus performance-based earnouts. Polymedia is the IP video platform-provisioning subsidiary of TXT e-solutions, a company listed on the Italian Stock Exchange. Thus continues the buying spree of KIT digital. In the past twelve months, it has snapped up Multicast, BenchMark Broadcast Systems, Brickbox, KickApps, Kewego and Kyte. And apparently, that's just the beginning (see bottom of this post).
Source: http://feedproxy.google.com/~r/Techcrunch/~3/IucBiNu-Lsw/
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