Westborough, Mass. - The FeedRoom, a provider of online video software, has completed its acquisition of ClearStory Systems, a Massachusetts-based digital asset management software provider.

Financial terms of the transaction were not disclosed.

In July, New York-based FeedRoom announced that it has raised $12 million in a venture capital round led by NewSpring Capital.

ClearStory was founded in 1989 as INSCI Corp., which acquired WebWare in 2002. In 2004, the combined entity became ClearStory Systems.

Customers of The FeedRoom, which has been in business for 10 years, include General Motors, Hewlett-Packard, Intel, Barnes & Noble, The New York Times, USA Today, ESPN, The U.S. Department of State and The Pentagon.

Related Links:
http://www.clearstorysystems.com/company/news_article.html?id=398

http://www.feedroom.com