/// IAC’s Vimeo Unit Acquires Echograph App
IAC/Intreactive‘s Vimeo unit today announced the acquisition of Echograph, an iPhone and iPad app that provides a tool for creating videos that look like animated GIFs. Vimeo said that the app, which has been priced at $2.99, will now be offered for free from the Apple iTunes App Store.
The app was acquired from Clear-Media, a company based in El Segundo, California.
Nick Alt, who had been CEO of Clear-Media, becomes Vimeo’s VP of Mobile.
Terms of the deal were not disclosed.
“We chose Echograph because it helps people easily create beautiful high quality video content,” Vimeo CEO Kerry Trainor said in a statement. “That, with Nick’s proven track record of building innovative video apps made it a perfect fit for Vimeo.”