iotum Acquires

Los Angeles- and Toronto-based audio and web conferencing provider iotum says it has announced Internet broadcasting and podcasting tools maker Financial terms of the acquisition were not disclosed. Iotum said it purchased all of the assets, brands, and operating services of Pittsburgh-based, and will use the buy to accelerate its growth. The acquisition is the company's fifth acquisition in the past three years, including the recent acquisition of LA's iotum is led by Jason Martin.