Google buys Video Editing Company

Google has acquired Omnisio, an Atherton, CA-based startup, TechCrunch is reporting. The deal is reported to be worth about $15 million; the company was founded by three people in Australia within the past year.

The report said that the service lets users annotate videos, mash various clips up, and synchronize Slideshare presentations to videos, which would enable sleeker conference presentations. “Omnisio users can extract sections of clips they find on the web (currently only those on YouTube, Google Video, or Blip.tv),”

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