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Report: Klout Acquired By Lithium Technologies For $200 Million
engine

WebmasterWorld Administrator engine us a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month Best Post Of The Month



 
Msg#: 4657910 posted 12:17 pm on Mar 27, 2014 (gmt 0)

Social score startup Klout has been acquired by Lithium Technologies, a provider of social customer experience solutions for the enterprise, in a deal valued at nearly $200 million, Fortune has learned.

According to two sources familiar with the matter, the deal is a mix of cash and Lithium private stock. (Lithium is gearing up for an IPO, which could happen as early as later this year.) Klout and Lithium are expected to announce the acquisition Thursday morning in a joint press conference. Technology news site Re/Code reported last month that a deal was signed but not closed. A spokesperson for Klout and Lithium declined to comment.Report: Klout Acquired By Lithium Technologies For $200 Million [tech.fortune.cnn.com]

 

bill

WebmasterWorld Administrator bill us a WebmasterWorld Top Contributor of All Time 10+ Year Member Best Post Of The Month



 
Msg#: 4657910 posted 11:24 pm on Mar 31, 2014 (gmt 0)

I tried to work with my Klout profile to try to influence the rankings and it was quite easy. That made me doubt a lot of the relevance of their measuring algo. Eventually I just stopped checking...

It's great news (for them) to get acquired. I'm glad it wasn't for an obscene amount like some others we've seen lately.

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