TechCrunch March 27, 2014
Social customer service company Lithium Technologies will announce on Thursday morning that it has acquired Klout for almost $200 million in cash and private stock, says Fortune. Re/code first reported last month that Lithium and Klout, which scores influence on social networks, were nearing a deal.
Lithium, which is expected to make its initial public offering later this year, announced in September 2013 that it had raised $50 million in “pre-IPO mezzanine financing” to develop its tech platform and expand its sales and marketing. This brought its total raised to $142 million. Klout has raised more than $40 million in funding from investors including Kleiner Perkins Caufield & Byers, Mayfield Fund, ff Venture Capital, Microsoft, and CrunchFund (which, like TechCrunch, was founded by Michael Arrington).