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November 27, 2015 4:46 AM ET


Company Overview of Kik Interactive, Inc.

Company Overview

Kik Interactive, Inc. designs and develops Kik, a username-based smartphone messenger application for iPhone, iPod, Android including Kindle Fire, and Windows 7 devices. The application enables users to talk to friends, and send text, pictures, videos, and sketches. Kik Interactive, Inc. was formerly known as Unsynced, Inc. and changed its name to Kik Interactive, Inc. in March, 2010. The company was founded in 2009 and is headquartered in Waterloo, Canada.

420 Weber Street North

Suite I

Waterloo, ON N2L 4E7


Founded in 2009

Key Executives for Kik Interactive, Inc.

Founder and Chief Executive Officer
Co-Founder and Chief Technology Officer
Chief Operating Officer and Chief Financial Officer
President of Kik Services
Head of Strategy & Partnerships
Compensation as of Fiscal Year 2015.

Kik Interactive, Inc. Key Developments

Kik Interactive Announces Two Executive Appointments

Kik Interactive announced two executive appointments. As head of strategy and partnerships, Jae Kim will draw on his experience from Line where he served as head of strategy and operations at Line's U.S. headquarters. In addition, Alim Dhanji will transition from Kik's board of directors to become the company's first chief people officer, focusing on scaling Kik's workforce and strengthening its culture. Both hires come on the heels of Tencent's $50 million investment in the chat network. Kim will oversee the data, business and U.S. operations teams, and will build Kik's partner and developer ecosystems to deliver great chat experiences for American youth. Prior to joining the chat network, Kim doubled the size of Line's U.S. headquarters, overseeing all aspects of the business. Dhanji will be tasked with rapidly growing Kik's workforce and developing its culture as the company looks to double its workforce within the next year. He will also lead Kik's privacy, trust and safety teams to improve user safety. Prior to joining Kik, Dhanji was senior vice president at TD Bank Group and held senior executive roles at Citigroup and KPMG where he focused on culture, talent management, and building high-performance teams. He will be based at the company's Waterloo headquarters. Kik is hiring aggressively for its offices in Waterloo, New York, San Francisco, and Los Angeles.

Kik Interactive Appoints Josh Jacobs as President

Kik Interactive announced that it has hired a top advertising industry executive to build experiences for brands and partners within the app. Josh Jacobs joins the Waterloo. Jacobs will build a Los Angeles-based presence for the company, expanding the company's footprint beyond its established offices in Waterloo, New York City, and San Francisco. Jacobs, who assumes the title president of the company Services, is charged with cultivating a personal computing ecosystem within Kik by enlisting partners to build compelling chat-based experiences for the app's 200 million users. The company already offers Promoted Chats and Kik Points, opt-in products that allow brands and developers to converse directly with users.

Kik Interactive Mulls Sale

Kik Interactive, Inc. is seeking sale. “Kik Interactive Inc., which makes a messaging application popular with young teens, is exploring a sale,” people with knowledge of the matter said. “The company hired Qatalyst Partners to set up conversations with potential acquirers or corporate investors in Silicon Valley and Asia,” said the people, who asked not to be identified because the process is private. “Kik, based in Waterloo, Ontario, hasn’t yet found an attractive deal,” the people said. Ted Livingston, Founder and Chief Executive Officer of Kik Interactive Inc., confirmed the talks, while declining to comment on specific suitors. “We had a lot of inbound interest, especially this year,” Ted Livingston said on April 8, 2015 in an interview. “We hired Qatalyst to work through all the options, one of which is to stay independent.” A representative for San Francisco-based Qatalyst didn’t immediately respond to a request for comment.

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