Google just bought a startup that takes the pain out of editing videos

Despite an overall slowdown in acquisitions, Google has acquired the team behind Fly Labs, a New York startup that makes video editing apps.

Fly Labs had produced a quartet of video editing apps to help people "edit on the fly." One of the apps, Crop, turned vertical cell phone videos into horizontal, YouTube-friendly ones. Its newest release, Clips, turned small video fragments into so-called masterpiece short films.

In the Fly Lab's announcement, the startup said more than 20 million videos had been created through its product.

The Google acquisition came after the company reported its lowest deal activity, by value, in six years. Terms of the deal were not disclosed, and the New York-based startup had reportedly raised $750,000.

The Fly Labs technology will be incorporated into Google's already robust photos app.

Here's Fly Labs full statement:

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