Microsoft buys video-editing software company Clipchamp

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Microsoft buys video-editing software company Clipchamp
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Microsoft said Tuesday it has acquired Australian startup Clipchamp, whose video-editing software will be incorporated into Microsoft 365.

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Terms of the deal were not disclosed.

“I am bubbling over with excitement that Clipchamp will be joining Microsoft,” Microsoft MSFT, -0.32% executive Chris Pratley said in a blog post. “The Clipchamp team is a creative powerhouse dedicated to quality and great customer outcomes, and we welcome them wholeheartedly as kindred spirits. We will be doing incredible things together.”Australia-based Clipchamp was founded in 2013, and has raised about $15.3 million in funding, according to Crunchbase.

In a blog post announcing the deal, Clipchamp co-founder and Chief Executive Alexander Dreiling said the company is starting a “new journey,” and that “becoming part of Microsoft allows us to become part of a future legacy.” Clipchamp is the ninth company Microsoft has acquired this year, according to the tech giant’s tally, including July’s addition of cybersecurity company RiskIQ and April’s nearly $20 billion deal for Nuance Communications.

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