Animoto Acquired by Redbrick, Canadian Tech Leader
Summary
NEW YORK--(BUSINESS WIRE)--Animoto, an easy-to-use video creation software, has been acquired by Redbrick, a portfolio of disruptive digital companies. Redbrick has built, acquired, and scaled software that supports digital entrepreneurs since 2011, growing into a recognized innovator and multinational name. What usually requires complex video editing software, long timelines, and thousands of dollars to produce, Animoto allows users to accomplish in a matter of minutes and for free. By offering a uniquely user-friendly platform, Animoto empowers entrepreneurs, educators, and small business owners to engage new audiences with professional-quality videos. Redbrick is the parent organization to a portfolio of disruptive digital companies that grow through innovative product development, results-driven marketing, and a model of shared services with strategic executive oversight.