Epoxy, a US-based social publishing technology company backed by media companies Time Warner and Bertelsmann, has been acquired by video distribution company Vemba, according to Broadcasting & Cable.
Founded in 2012, Epoxy has developed tools that help video creators distribute their content and engage with their audiences across YouTube, Facebook, Twitter, Instagram and Vine. The company had signed up approximately 70,000 such creators.
Financial terms of the transaction have not been disclosed. Vemba will incpororate Epoxy’s offering into its own video distribution and monetisation platform.
Epoxy received $6.5m in a 2014 series A round co-led by Time Warner’s corporate venturing arm Time Warner Investments and venture capital firm Upfront Ventures.
Bertelsmann contributed to a $2m seed round in 2013 through its Bertelsmann Digital Media Investments unit. The seed round was led by GRP Partners with participation from Greycroft Partners, Advancit Capital, Downey Ventures and assorted angel investors.
Garrick Tiplady, CEO of Vemba, said: “No other video platform in the world allows publishers and creators to distribute content across virtually every channel from one tool. Epoxy offers the missing social link that our customers need, and we are thrilled to welcome them to the Vemba team.”