Vimeo Acquires Video-Creation App Cameo

                   Vimeo Acquires Video-Creation App Cameo

One of Apple's Best of 2013 Apps Joins Leading Video-Sharing Platform

PR Newswire

NEW YORK, March 18, 2014

NEW YORK, March 18, 2014 /PRNewswire/ --Vimeo today announced the acquisition
of Cameo, a mobile, cloud-based application for shooting, styling, and sharing
beautiful short films.

Launched in October 2013 by founders Matthew Rosenberg, Michael Constantiner,
and Andy Thompson, Cameo has rapidly become one of the most popular video apps
in the market, part of the next generation of mobile video production and
storytelling. With Cameo, users can edit and customize their videos (called
"Cameos") with professional-grade effects such as video overlays, title cards,
and custom fonts packaged into themes inspired by cinema, music videos, and
classic films. After creating their video, users can instantly post videos to
Cameo's cloud-based network while preserving their phone's storage and battery
life. Within its third month on the market, Cameo was awarded Apple's Editor's
Choice and iTunes "Best of 2013" designations in the video category.

"Vimeo is committed to empowering all creators, and the ubiquity of HD camera
phones is driving the largest wave of video creation ever seen," said Kerry
Trainor, CEO Vimeo. "What we love about Cameo is that it gives even novice
video-makers the power to create beautiful, well-crafted videos."

"Vimeo to us is the benchmark of quality for video platforms and communities,"
said Cameo Co-Founder and CEO Matthew Rosenberg. "We're excited about what our
shared vision can create in further developing the app."

The Cameo team will report to Vimeo's Chief Technology Officer, Andrew Pile.
App co-founder and CEO Matthew Rosenberg will transition from his role to Vice
President, Cameo. Terms of the deal were not disclosed.

About Vimeo
Vimeo® is the high-quality video platform for creators and their audiences.
Vimeo's mission is to empower and inspire people around the world to create,
share and discover videos. Vimeo has over 26 million registered members and
reaches a global monthly audience of more than 168 million. Founded in 2004
and based in New York City, Vimeo, LLC is an operating business of IAC
(NASDAQ: IACI).

SOURCE Vimeo

Website: http://www.vimeo.com
Contact: Jessica Casano-Antonellis, Jessica@vimeo.com, 212-524-7164
 
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