KIT digital Acquired Sezmi for $27 Million

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KIT digital Acquired Sezmi for $27 Million KIT digital Acquired Sezmi for $27 MillionKIT digital Acquired Sezmi for $27 Million

 

11 January 2012

Sezmi, the cloud-based hybrid TV play, has announced that the company has been acquired by KIT digital for $27 million in stock and cash, plus earn-outs for the company.
The company has several large customers in Latin America and across the APAC region. It was considered as one of the few direct competitors delivering integrated, multi-device platforms for OTT premium content offerings.
KIT digital acquired a slew of companies during the last year. The company expects the Sezmi acquisition “to generate aggregate earn-out payments of between $20 million and $25 million over a period of three years.”

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