Vimeo Acquires Echograph iOS App And Appoints App Creator Nick Alt Head Of Mobile

  Vimeo Acquires Echograph iOS App And Appoints App Creator Nick Alt Head Of

  PR Newswire

  NEW YORK, Feb. 14, 2013

NEW YORK, Feb. 14, 2013 /PRNewswire/ --Vimeo today announced the acquisition
of Echograph, the popular iPhone and iPad app from Clear-Media. Echograph is a
premium app that creates beautiful videos that look like animated GIFs. As
part of this acquisition, Vimeo will offer the previously £1.99 app for free
from the iTunes App Store. 

The Echograph team will report to Vimeo's President Dae Mellencamp. App
creator Nick Alt will transition from his role as Clear-Media's CEO to Vimeo's
Vice President of Mobile, leading development across all platforms. Terms of
the deal were not disclosed.

"We chose Echograph because it helps people easily create beautiful high
quality video content," said Kerry Trainor, Vimeo CEO. "That, with Nick's
proven track record of building innovative video apps made it a perfect fit
for Vimeo."

"Vimeo to me is the most innovative video platform that empowers its users to
share quality content," said Echograph creator Nick Alt."I'm very excited
for our teams to come together to take Echograph to the next level and develop
a new fleet of amazing mobile video apps."

About Vimeo Vimeo® is the high-quality video platform for creative people.
Vimeo's mission is to empower and inspire people around the world to create,
share and discover videos. As one of the world's largest creative networks,
Vimeo has over 15M registered members and reaches a global audience of more
than 93M each month. Founded in 2004 and based in New York City, Vimeo, LLC is
a subsidiary of IAC (NASDAQ: IACI)

Contact: Deborah Szajngarten, +1-212-524-8776, or for U.S. inquires, Sean
Hamel, +1-212-524-8791, or
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