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September 24, 2013 11:15 pm GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/Q7dhdKy1jeU/
StumbleUpon Makes First Acquisition: Video Discovery Service 5by
StumbleUpon has acquired 5by, a video discovery service, for an undisclosed sum. This is StumbleUpon's first acquisition since the web discovery company was founded in 2001
5by launched earlier this year and describes itself as a "video concierge." The startup is based in Montreal and has six people on staff. 5by will continue to build out mobile and desktop products.
See also: StumbleUpon: A Beginner's Guide
"By bringing on a complete team solely focused on video and mobile we believe this will help us accelerate our video discovery product plans," Mark Bartels, StumbleUpon's CEO, said in a statement provided to Mashable Read more...
More about Stumbleupon, Acquisitions, Business, Startups, and VideoOriginal Link: http://feeds.mashable.com/~r/Mashable/~3/Q7dhdKy1jeU/
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