Redbrick Acquires Animoto
August 22, 2023
Redbrick, a Victoria, British Columbia–based portfolio operator of digital companies, has acquired Animoto, the New York–headquartered cloud video-creation platform. The acquisition will keep Animoto’s existing leadership in place and aims to accelerate product development—including generative AI capabilities—and scale the business across small-business and marketing customer segments.
- Buyers
- Redbrick
- Targets
- Animoto
- Industry
- Cloud & SaaS
- Location
- New York, United States
- Transaction Type
- Buyout
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