Tuesday, March 18, 2014: Vimeo has acquired Mobile-Video App Start-up Cameo. However Financial terms of the contract weren’t disclosed.
Founded in 2004, Vimeo is positioned as a high-quality video-sharing platform and the company charges creators a subscription fee to host their works. Vimeo also supplies an on-demand platform to let filmmakers charge for their content.
Kerry Trainor ,CEO, Vimeo commented “Vimeo is committed to empowering all creators, and the ubiquity of HD camera phones is driving the leading wave of video creation ever seen. What we love roughly Cameo is that it supplies even novice video-makers the power to create beautiful, well-crafted videos.”
New York-based Cameo is developer of an app for shooting and sharing short films that launched five months ago, aiming to bring more video under its umbrella. Cameo was launched in October 2013. It lets users to edit videos with effects such as video overlays, title cards and custom fonts. The app includes visual-effects themes based on cinema, music videos and classic films.