StumbleUpon Makes First Acquisition: Video Discovery Service 5by

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StumbleUpon has acquired 5by, a video discovery service, for an undisclosed sum. This is StumbleUpon’s first acquisition since the web discovery company was founded in 2001

5by launched earlier this year and describes itself as a “video concierge.” The startup is based in Montreal and has six people on staff. 5by will continue to build out mobile and desktop products.

“By bringing on a complete team solely focused on video and mobile we believe this will help us accelerate our video discovery product plans,” Mark Bartels, StumbleUpon’s CEO, said in a statement provided to Mashable Read more…

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