It is currently led by CEO Frits Habermann, a former exec at Adobe,, and PopCap Games.
The cash deal to acquire the Seattle-based startup PicMonkey was. Sposato is the chairman of GeekWire and former chairman and CEO of PicMonkey, the Seattle-based online photo editing service that sold to Shutterstock last. The startup raised $41 million in 2015 from Spectrum Equity. Shutterstock has announced the acquisition of PicMonkey, an online photo editing and. PicMonkey employs around 50 people all were offered equivalent or better roles with Shutterstock. The cash deal to acquire the Seattle-based startup PicMonkey was finalized. PicMonkey’s product will continue to exist for now its stock photography will now be provided by Shutterstock. Shutterstock has announced the acquisition of PicMonkey, an online photo editing and design platform, for 110 million. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and applications for brands, businesses and media companies, today.
The company said 10 billion images have been made on its platform. 7, 2021 /PRNewswire/ - Shutterstock, Inc. Shutterstock, which announced the acquisition. The acquisition provides Shutterstocks global customer community with professional-grade, easy-to-use design tools.
SHUTTERSTOCK SEATTLEBASED PICMONKEY SOFTWARE
Shutterstock said integrating PicMonkey will “further empower our customers, regardless of their skill level or expertise, to create beautiful, best-in-class content with efficiency and ease in just a few clicks.” It estimates the market opportunity for creative software and design tools at $8 billion.įounded in 2012, PicMonkey targets small businesses and brands with its suite of cloud-based tools. Shutterstock, a publicly traded photo and video company based in New York City, has acquired Seattle-based photo-editing company PicMonkey. It is known as a global provider of stock photography but also offers creative tools and music/video clips. The New York-based company launched nearly two decades ago.
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