Innodata this week announced it has acquired MediaMiser.
Innodata, a New York-based provider of information technology services to enterprises focused on digital enablement, scooped up the Canadian provider of automated, real-time traditional and social media monitoring services for $5.8 million.
Why did Innodata want MediaMiser? The local company uses proprietary technology to monitor, aggregate, analyze and share content from 200,000 sources across social, traditional and digital media to provide analysis reports and daily briefings to its customers, which include several Fortune 500 companies and Canadian government institutions as well as small- and medium-sized businesses.
“We are excited to be welcoming the MediaMiser team to Innodata,” said Jack Abuhoff CEO of Innodata. “MediaMiser has done a great job harnessing the latest technologies to develop a sophisticated and complete solution for turning large amounts of information into actionable knowledge and has succeeded in building multiple relationships of trust with leading brands."
“The opportunity to leverage Innodata’s technology and content management capabilities is exactly what we need at this juncture to accelerate our growth and enhance our offerings for new and existing clients," Brett Serjeantson, CEO of MediaMiser, added.
MediaMiser reported $3.9 million in revenues for its fiscal year ended March 31.