GoPro Inc. agreed to acquire two mobile video editing companies for $105 million in cash and stock, taking steps to address a shortcoming in its software interface that has been criticized for not being very user-friendly in packaging and sharing footage from its cameras.
The purchases include Paris-based Stupeflix, which makes the Replay app that automatically edits selected footage on a phone into a single video, and Austin, Texas-based Vemory, owners of the iPhone app Splice, which allows users to trim, crop and add advanced video effects. Both teams will maintain operations in their current locations.
