Autodesk has signed an agreement to acquire Socialcam, the popular Facebook video-sharing app, for approximately $60 million, the two companies revealed today.
Autodesk, a company that creates 3D design, engineering, and entertainment software, will focus on helping the startup grow. This transaction is expected to close soon.
"Autodesk will prioritize support for the existing Socialcam community, while investing in scaling the platform and developing a more comprehensive set of tools for Socialcam users," the company said in a press release. "Autodesk also plans to use the Socialcam platform to help make its Academy Award-winning technology for professional … Read more