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

Thu Feb 14, 2013 9:01am EST

* Reuters is not responsible for the content in this press release.

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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