Fresh off its January IPO, content creation company Demand Media announced Thursday that it has acquired live blogging tool CoveritLive.
Many news organizations, including Mashable, use the tool to report on events and host Q&A sessions in real time. Demand Media, which has held a minority stake in the CoveritLive since 2009, will add the company to its "portfolio of social solutions." This portfolio also includes the company's 2008 acquisition of social media platform Pluck.