Home  › Marketing › Strategies
lithium-klout

Lithium Technologies Acquires Klout

  |  March 27, 2014   |  Comments

In a deal worth $200 million according to some reports, Klout will join Lithium to become "one of the biggest data footprints of consumer attitudes, preferences, and activities on digital channels," Lithium says.

Social customer service company Lithium Technologies has acquired online social influence start-up Klout.

Lithium did not disclose the terms or any financial details. However, ClickZ previously covered reports that the deal could be worth $100 million or more and, on March 27, Fortune reported the deal was worth $200 million.

Catapult Advisors served as financial advisor to Lithium on the transaction.

According to a press release, Klout will maintain its consumer offering while Lithium will deliver an expanded product portfolio "built around advocacy, loyalty, and enhanced profiles."

The combined companies reach more than 500 million consumers across 10,000 interest areas and more than 300 branded communities, Lithium says.

"The combination of Lithium and Klout establishes one of the biggest data footprints of consumer attitudes, preferences, and activities on digital channels," the brand adds.

Likening its new platform to LinkedIn, Yelp, or eBay, Lithium says it now "brings together both trusted people and trusted content" and "has created an exchange of shared value and a more complete measure of reputation."

This allows brands to build a better profile of their customers and engage consumers more effectively, Lithium says. It also means consumers can discover which brands to trust and receive rewards for their loyalty.

"Lithium and Klout both have deep expertise and capabilities in driving engagement - combined, our ability to put trust back at the center of the relationship between consumers and brands is unmatched," writes Lithium president and chief executive (CEO) Rob Tarkoff in a blog post.

"The conversation between consumers and brands should be just that: a conversation, not a shout by brands at consumers. That's the promise the new Lithium will deliver on," Tarkoff adds.

As a result of the deal, Klout CEO Joe Fernandez will join Lithium's executive team, reporting to Tarkoff, and will continue to run the Klout operation as its general manager and as a senior vice president at Lithium.

In addition, Chi-Hua Chien from Kleiner Perkins Caufield & Byers will join the Lithium board of directors.

ClickZ Live San Francisco This Year's Premier Digital Marketing Event is #CZLSF
ClickZ Live San Francisco (Aug 11-14) brings together the industry's leading practitioners and marketing strategists to deliver 4 days of educational sessions and training workshops. From Data-Driven Marketing to Social, Mobile, Display, Search and Email, this year's comprehensive agenda will help you maximize your marketing efforts and ROI. Register today!

ABOUT THE AUTHOR

Lisa Lacy

Lisa Lacy is senior staff writer at ClickZ. In addition to ClickZ, her work has appeared in The Huffington Post, The Luxury Spot, LearnVest, MarthaStewart.com, GoodHousekeeping.com, amNewYork, and The Wall Street Journal. She's a graduate of Columbia's School of Journalism.

COMMENTSCommenting policy

comments powered by Disqus

Get the ClickZ Marketing newsletter delivered to you. Subscribe today!

COMMENTS

UPCOMING EVENTS

Featured White Papers

BigDoor: The Marketers Guide to Customer Loyalty

The Marketer's Guide to Customer Loyalty
Customer loyalty is imperative to success, but fostering and maintaining loyalty takes a lot of work. This guide is here to help marketers build, execute, and maintain a successful loyalty initiative.

Marin Software: The Multiplier Effect of Integrating Search & Social Advertising

The Multiplier Effect of Integrating Search & Social Advertising
Latest research reveals 68% higher revenue per conversion for marketers who integrate their search & social advertising. In addition to the research results, this whitepaper also outlines 5 strategies and 15 tactics you can use to better integrate your search and social campaigns.

WEBINARS

    Information currently unavailable

Jobs

    • Internet Marketing Campaign Manager
      Internet Marketing Campaign Manager (Straight North, LLC) - Fort MillWe are looking for a talented Internet Marketing Campaign Manager to join the...
    • Online Marketing Coordinator
      Online Marketing Coordinator (NewMarket Health) - BaltimoreWant to learn marketing from the best minds in the business? NewMarket Health, a subsidiary...
    • Call Center Manager
      Call Center Manager (Common Sense Publishing) - Delray BeachWanted: Dynamic Call Center Manager with a Proven Track Record of Improving Response...