Victoria-based Redbrick is fortifying its software arsenal by acquiring New York’s Animoto, a cloud-based video creation platform.
Animoto’s groundbreaking Cinematic AI tech empowers users to transform images, screen recordings, and clips into professional videos.
Redbrick, pursuing a $100 million revenue target since 2019, will now exceed that goal while growing its global team to 200.
Animoto, aiding over 70,000 customers and countless users in video marketing, becomes a vital addition to Redbrick’s portfolio.
CEO Tobyn Sowden underscores the significance of this move for digital entrepreneurs harnessing video’s rising influence. This marks Redbrick’s third major acquisition in four years.
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