Lithium Technologies Buys Social Media Monitor Scout Labs

Monitor

Lithium Technologies, which sells white label social networking tools to businesses, has bought up social media monitoring startup Scout Labs. Reports last week put the purchase price at between $20 million and $25 million. Lithium’s platform lets businesses set up online communities for their customers, including discussion boards, blogs and chats, and the company now says it will add social media monitoring and analytics to those offerings. Lithium’s rationale for the acquisition, according to the release: “This will give our clients the most detailed picture available of their customers

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