Lithium Technologies expected to Acquire ScoutLabs for $20+ Million

Hugh Macken • May 7, 2010

Lithium Technologies expected to Acquire ScoutLabs for $20+ Million The post Lithium Technologies expected to Acquire ScoutLabs for $20+ Million appeared first on VMR. Lithium Technologies expected to Acquire ScoutLabs for $20+ Million was first posted on May 6, 2010 at 7:58 pm.©2015 "VMR". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at [email protected]

Image representing Scout Labs as depicted in C...
Image via CrunchBase

TechCrunch’s Michael Arrington, one the world’s leading bloggers, reported today that social media monitoring technology provider  ScoutLabs is expected to be acquired by social CRM provider  Lithium Technologies for between $20 million and $25 million. The deal is expected to be announced shortly, according to Arrington.

Lithium is a leading provider of enterprise social CRM solutions. Lithium’s platform provides enterprise-class security, analytics, APIs, and multi-language support according to the company’s website.

ScoutLabs is a leading technology provider for social media monitoring and reputation management. According to Arrington:

We’ve found it to be best in class in auto-determining sentiment and giving brand managers a good real time overview of what’s being said about them.

VMR Communications is a ScoutLabs agency partner and will update this post as we learn more.

UPDATE (April 7, 2010):

Additional details are available at Louis Gray’s blog.

VMR

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