Redbrick completed the acquisition of Animoto.

Redbrick, a portfolio of disruptive digital companies, completed the acquisition of Animoto, a video creation software. Financial terms were not disclosed. "By acquiring Animoto, we're making Redbrick's portfolio stronger and more diverse. This acquisition means we've reached $100m in annualized revenue and 200 team members. Animoto's role in Redbrick is really important as it allows digital entrepreneurs to tap into the power of video which is the fastest-growing way to reach people online," Tobyn Sowden, Redbrick CEO.