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Kik acquires visual messaging company, also raises $38.3 million

Kik Interactive, creator of the chat network Kik, has acquired Relay, a Toronto-based company that has developed an animated visual messaging application. It is the first acquisition for Waterloo-based Kik, which was founded in 2009.

Source: www.therecord.com

Kik, which employs about 60 people, has 185 million users. The company says its worldwide user base is growing by 250,000 people per day and they tend to be young.

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