Shutterstock, Inc., a technology company, provides content, and tools and services in North America, Europe, and internationally. The purchase is also expected to add roughly 3% to Shutterstock's annual revenues and gain more than 200,000 new subscribers.
#Shutterstock seattlebased picmonkey software#
In short, the acquisitions expands Shutterstock's audience reach into the rapidly growing $8 billion market opportunity for creative software and design tools.
A key element of Shutterstock's strategy and vision is providing a suite of solutions for the entire creative journey, regardless of experience or expertise level," said Stan Pavlovsky, Chief Executive Officer at Shutterstock.
"Content is at the core of Shutterstock's offering, and selecting an asset is just one step of the creative process. Shutterstock, a publicly traded photo and video company based in New York City, has acquired Seattle-based photo-editing company PicMonkey.
#Shutterstock seattlebased picmonkey pro#
Although some pro design apps require a certain deal of skill and training, the acquisition of PicMonkey will give customers the ability to create beautiful content for presentations or advertising campaigns. You’ll have access to millions of royalty-free images Plus, just like our previous providers, Shutterstock’s library has been seamlessly integrated into PicMonkey for you to use while designing. Thousands of new, high-quality pictures added every day. A: We are 150 confident that you will find the images you need in Shutterstock’s gorgeous stock photo library. Shutterstock acquires Seattle-based online photo editing service PicMonkey for 110M. Shutterstock believes in visual storytelling and affording anyone the right to empower themselves by creating professional content, regardless of their background in design. Find Picmonkey stock images in HD and millions of other royalty-free stock photos, illustrations and vectors in the Shutterstock collection. Seattle-based Uplevel, which uses data from software tools to help. Yes, PicMonkey is a creative design tool that is now part of Shutterstock’s portfolio of companies. According to Shutterstock, the acquisition will contribute roughly 3 to its annual. Shares of the company were trading 0.51% higher to $115.18 a share on Monday. Shutterstock, which announced the acquisition Tuesday, is paying about 110 million cash to acquire PicMonkey.
The Company intends to leverage the platform for digital marketing, advertising, and social media posts. Shutterstock ( SSTK) today announced that it has acquired PicMonkey, an online graphic design and image editing platform that gives creators the ability to design presentations, advertisements, logos, business cards, and banners.
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