Motionbox Acquires Video Chat Service Viddyou
Video chat service Viddyou has been acquired by video sharing service Motionbox for an undisclosed sum.
Viddyou launched in 2007 into the then new “video chat” space, eventually competing against sites including Phreadz and Seesmic. As the space faltered, the company reinvented itself as more of a YouTube style sharing site, and was one of the earlier sites to support HD video.
Video sharing site Montionbox is a competitor of sorts to Viddyou, pitching itself as a share your memories type service with related services including the ability for users to put their video on DVD. With its consumer slant, Motionbox hasn’t gained a lot of attention in the tech space, but is smartly backed to the tune of $17.2 million from Canaan Partners, Constellation Ventures and SAS Investors.
Viddyou CEO Aaron Wadler said in an email to Viddyou users that “it is with great pride that we are able to take our mission to the next level and announce that Viddyou has been acquired by Motionbox.com.”
Under the terms of the acquisition, Viddyou will cease to trade as a separate site, with Viddyou accounts to be migrated onto Motionbox’s platform. Viddyou Premium users will be given Motionbox Premium subscriptions.
