PixelFish Picks Up Eyespot

Video production company PixelFish announced today that it has acquired recently-shut down online video editing/white-label video company Eyespot. Financial terms of the deal were not disclosed.

Founded and angel-funded in 2006, the Torrance, Calif.-based PixelFish has 15 employees and is similar to TurnHere, offering to create low-cost video promotions for small and medium-sized businesses that can be distributed to outlets like Yellowbook.

PixelFish VP of Sales and Marketing Stephen Condon told us in a phone interview that assets like Eyespot’s Mixer tool will allow clients to edit video on their own, doing things like swapping out voiceovers. The acquisition also gives PixelFish access to video publishing and transcoding tools, as well as a number of provisional patents for online video technologies.

According to Condon, the skeleton crew still with Eyespot will be brought on to help with the transition. Once that transition is complete, Pixelfish will assess whether to keep those employees on or not.

The news comes just days after Jumpcut, a onetime rival of Eyespot in the online video editing space that was acquired by Yahoo (s YHOO), announced that it would no longer be accepting video uploads. Eyespot, which shut down in October, had raised $3.7 $11 million and counted Demand Media and Lucasfilm as customers.