[junto]

Rule 1 when announcing your imminent acqui-hiredness: tell us what your company did when making your announcement, otherwise it is just gloating.

Can anyone tell me what ptch actually did?

[swang]

The first paragraph says:

"Our passion and our mission was to give you the best way to make and share beautiful movies made from the photos and videos on your phone."

[_s]

As far as I can tell it's an instagram for film clips (never used it or heard of it before).