Powtoon Acquires Showbox to Accelerate Innovation and Dominance in the Video Creation Space
Retrieved on:
Thursday, February 21, 2019
Showbox.com previously raised $12.4 million and has six video technology patents, all of which are set to enhance Powtoon's existing platform.
Key Points:
- Showbox.com previously raised $12.4 million and has six video technology patents, all of which are set to enhance Powtoon's existing platform.
- As part of Powtoon's mission to make professional video creation accessible to all, this acquisition was a natural choice.
- Until now, Powtoon has been empowering users to turn their thoughts into a visual reality through video, without ever having to appear in front of the camera.
- Powtoon's CTO, Sven Hoffmann says, "We're at the very edge of innovation in the video sphere; it's our top priority.