Bertelsmann and Time Warner have exited Epoxy following the video distribution service's acquisition by Vemba for an undisclosed amount.
Epoxy, a US-based social publishing technology company backed by media companies Time Warner and Bertelsmann, has been acquired by video distribution company Vemba, according to Broadcasting & Cable.
Founded in 2012, Epoxy has developed tools that help video creators distribute their content and engage with their audiences across YouTube, Facebook, Twitter, Instagram and Vine. The company had signed up approximately 70,000 such creators.
Financial terms of the transaction have not been disclosed. Vemba will incpororate Epoxy’s offering into its own…
