Action camera manufacturer GoPro is acquiring a pair of companies that produce mobile apps for editing video while on the move. The agreements to purchase Stupeflix and Vemony will cost GoPro a total of $105 million, which will give it video editing apps Replay and Splice in return, allowing the camera maker to expand its mobile capabilities by introducing new functions not currently available within the company's own mobile apps.
According to TechCrunch
, employees from both companies will join GoPro, but will continue to work from their current offices in Paris and Austin, Texas. The acquisitions
also eat into GoPro's cash reserves, with approximately 20 percent used for the two purchases, but will help solve the editing issues its customers currently endure.
is an app that can be used to combine video clips and photographs into a single video, complete with transition effects, graphical additions, and synchronized music. Vemory's Splice
is a mobile editor with a high amount of flexibility, providing far more creative options to users than GoPro's apps. Both apps are currently available on iOS, with Android versions planned to ship later this year.
It is unclear if GoPro plans to continue providing the acquired apps, or if it will shut them down in favor of integrating their features into its own apps.