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. Klout and Lithium are expected to announce the acquisition Thursday morning in a joint press conference.
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Social score startup Klout to be acquired by Lithium for $200 million
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Published March 29, 2014
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Social customer service company Lithium Technologies will announce on Thursday morning that it has acquired Klout for almost $200 million in cash and private stock, says Fortune. Re/code first reported last month that Lithium and Klout, which scores influence on social networks, were nearing a deal. Lithium, which is expected to make its initial public offering later this year, announced in September 2013 that it had raised $50 million in “pre-IPO mezzanine financing” to develop its tech platform and expand its sales and marketing. This brought its total raised to $142 million.
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