Scripped.com, a San Francisco-based developer of online screenwriting software, has merged with competitor Zhura. Financial terms of the merger were not disclosed, although Scripped said the deal size is in the “seven-figure range”.
In addition to merging with Zhura, Scripped also announced that it has raised $250,000 in new funding from private angel investors. Co-founder Sunil Rajaraman remains CEO of the merged company, while Break Media CEO Keith Richman and co-founder and former President of BitTorrent Ashwin Navin have been added to its Board of Advisors.
Zhura.com was founded in 2007 and is based in Boston. Like Scripped, the company provides screenwriters with tools that enable them to work on their writings online, whether individually or in collaboration with other writers, friends or even the Web community as a whole. Amusingly, the Zhura website still boasts a list of application features in comparison with other players in this space … including Scripped.
Scripped, founded in 2008, used to be based in Los Angeles, but has recently moved to San Francisco to become part of technology incubator i/o ventures (more about them here). The company says that its community of registered screenwriters is now 60,000 strong, effectively doubling its user base thanks to the merger with Zhura, with a new one signing up every 20 minutes.
How long until one of them gets his or her work published and widely distributed? That would really put Scripped on the map.
Scripped provides web-based screenwriting software to over 80,000 writers worldwide. Scripped also crowdsources scripts on behalf of producers and brands. Scripped counts Edward Burns, Steven de Souza, Girls2watch.com and Alex Albrecht amongst its producer clients. In Mach 2009, Scripped merged with Zhura, a former competitor in the screen writing software space. In November of 2011, Scripped officially changed its name to [Scripted.com] (http://www.crunchbase.com/company/scripted-com) and launched a freelance writing service using its pool of 80,000 freelance writers. Scripped continues...