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KIT Digital (KITD -4.7%), up last week after Kaleil Isaza Tuzman resigned as chairman, is...

KIT Digital (KITD -4.7%), up last week after Kaleil Isaza Tuzman resigned as chairman, is underperforming after announcing it's acquiring Hyro Limited, an Australia-based IT services firm, for $14.5M in stock. KIT says Hyro, which it expects will bolster its ability to support Asia-Pac customers, generated 2011 revenue of $20M, and will be immediately accretive to the company's results.
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