Source: Kik

Messaging company Kik has made its second major acquisition after it scooped up Israel-based mobile video app maker Rounds in an undisclosed deal.

Though neither side is giving a price, you would imagine that it is more than what Kik paid for GIF Relay, its first acquisition from 2014, given that Rounds had raised over $20 million from investors and claimed 40 million registered users. Kik boasts over 300 million users and is particularly popular among teens. It doesn’t disclose monthly user numbers but some reports have pegged its engagement alongside that of Snapchat.

Continue reading the full article on TechCrunch.com

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