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March 27, 2014 08:25 pm GMT

Klout Snapped Up by Lithium Technologies

Klout-acquisition

Social-sharing company Klout has been acquired by Lithium Technologies, the companies announced on Thursday.

The news comes after weeks of speculation that Lithium Technologies, which provides social customer service management for companies such as Spotify, Skype and Sephora, was close to reaching a deal with the startup. Terms of the acquisition were not announced, but it was confirmed that it was a stock dealFortune previously reported the deal would cost $200 million.

See also: 10 Startups to Watch in 2014

"We are confirming today that we did indeed close the announcement of Klout," a Lithium spokesperson announced during a presentation in San Francisco. Read more...

More about Acquisitions, Klout, Business, and Apps Software

Original Link: http://feeds.mashable.com/~r/Mashable/~3/0ZJYzlxIAcc/

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