Monday, August 9, 2010
Qlipso Integrates Into Veoh.com After Acquisition
Los Angeles- and Israel-based Qlipso, a developer of online video sharing and editing tools, announced this morning that it has integrated its service into Veoh.com, after its acquisition of substantially all of the assets of Veoh.com. Financial terms of the deal have not been disclosed. The sale had earlier been reported in April. According to Qlipso, it is adding its social features into Veoh.com, and saw more than 12 million unique monthly visitors in June. Qlipso is backed by Jerusalem Venture Partners, and is now operating a Los Angeles office after its acquisition of Veoh. Veoh had raised more than $70M in venture funding, before being force into bankruptcy in February.