Vimeo to acquire WIREWAX and Wibbitz.

Vimeo, a video sharing site, agreed to acquire WIREWAX, a provider of interactive and shoppable video, and Wibbitz, a developer of an automated video creation tool. Financial terms were not disclosed. "Vimeo now serves over six thousand enterprises with our video software, and we've only just begun to unlock the myriad ways video can be used at work to communicate, collaborate and connect better. Both WIREWAX and Wibbitz bring industry-leading technology and products to Vimeo, along with impressive teams and deep institutional knowledge in strategic areas of enterprise video. Together, we'll be able to innovate faster and go farther in empowering every company to realize the power of professional-quality video," Anjali Sud, Vimeo CEO.