Lithium Confirms That It Has Acquired Klout

TechCrunch

At a press event today, Lithium Technologies confirmed reports that it has closed its acquisition of Klout.

Re/code first reported on the deal back in February, saying that it was “signed but not closed“, then Fortune reported yesterday that the price was nearly $200 million.

However, the companies didn’t confirm the acquisition until just now. Lithium CEO Rob Tarkoff said that he doesn’t see the deal as just an acquisition, but as “redefining” what his company is about. Klout co-founder and CEO Joe Fernandez is joining Lithium as the senior vice president and general manager of the Klout business.

Lithium offers tools for companies to build online communities for their customers. It raised $50 million last fall in what it said was pre-IPO mezzanine financing.

Klout, meanwhile, has raised more than $40 million from investors including Kleiner Perkins Caufield & Byers, Mayfield Fund, ff Venture Capital, Microsoft…

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