ScribbleLive Acquires Competitor CoveritLive from Demand Media

Posted by Techvibes NewsDesk

Demand Media announced today the sale of its real-time engagement solution business, CoveritLive, to Toronto-based ScribbleLive.

Terms of the acquisition have not been released yet.

Both CoveritLive and ScribbleLive were born in Toronto and have battled for supremacy in the live blogging category. In 2011 CoveritLive appeared to be the victor when they were acquired by Demand Media for $5 million. Today's news reverses that decision.

“2014 has been a great year for Scribble and our company’s growth. We’ve expanded our international presence, released a new enterprise product, and powered more than 4 billion engagement minutes in the past 30 days alone,” said Vincent Mifsud, CEO at ScribbleLive, in a statement. “CoveritLive will help us accelerate our growth rate even further and exponentially increase our influence in the market.”

RELATED: ScribbleLive or CoveritLive: which CMS is best for publishers?

With the addition of CoveritLive’s portfolio of clients, ScribbleLive will power engagement for an impressive number of companies, including over 1,500 total customers, the NFL, NBA, NHL, MLB and all three of the U.S.’ top news networks.

Company:
CoverItLive
Website:
http://coveritlive.com
Location:
Toronto, Ontario, Canada

Since its release in late 2007, CoveritLive has been used by thousands of writers to engage millions of readers around the world. It has been well received by traditional bloggers as well as those in mainstream media. Our users are finding millions of usage occasions from niche events like chess tournaments in Germany or local elections in London, to marquee events like the NFL draft and American Idol. Before... more

Company:
Scribble Technologies
Website:
http://www.scribblelive.com
Location:
Toronto, Ontario, Canada

Scribble is the leading end-to-end content engagement platform that enables brands, sports organizations and media companies to drive engagement on their digital assets resulting in improved retention and acquisition of customers. Scribble has an international network of customers including world-class brands CNN, The Associated Press, Reuters, Rogers, Samsung, ESPN, Mashable, Fast Company, CNET and hundreds of... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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