Twitter acquires cloud-based live video platform SnappyTV. SnappyTv is used for clipping, editing and sharing videos clips from live broadcasts in near real-time. SmappyTV was founded in 2010.

twitter-snappytv

In an official announcement Twitter says that “One of the best ways to follow events as they unfold is through real-time videos on Twitter. As we continue to invest in video, it’s important for us to provide tools that make it easy for TV broadcasters, businesses, and event producers to share high-quality videos. To that end, we’ve agreed to acquire SnappyTV.”

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Twitter is already works with SnappyTV with a range of its broadcast and media partners. SnappyTV announced through their blog says “With Twitter we will continue our commitment to maintaining an open platform for social broadcasting of live events, across a variety of digital platforms. Joining Twitter will allow us to provide an even better product and bring the platform to more content owners and event organizers throughout the world. We will be able to further our goal of empowering people to share the world’s best moments.”

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