These design and editing features represent a natural extension of Shutterstock's content offering.Ĭonsideration for the transaction consists of USD 110m of cash paid at closing and the acquisition is expected to be immediately accretive to Adjusted EBITDA and Adjusted Net Income.ĬapM Advisors acted as financial advisor, and Sheppard Mullin acted as legal advisor to Shutterstock.
#Shutterstock seattlebased picmonkey professional
It offers a professional image editing solution, with access to an expansive library of effects, graphics, tools, templates and.
#Shutterstock seattlebased picmonkey pro
Key features of the PicMonkey tool includes photo editing, effects, touch-up tools, brand kits, cloud storage video, animations, and multi-page for creators, solopreneurs, social marketers, marketing professionals, pro designers and casual creatives. PicMonkey is a leading creative design platform used by individuals and businesses to create high-quality visuals, such as ads, business cards and banners to use in digital marketing, social posts and presentations. The acquisition of PicMonkey is an element of Shutterstock's workflow solutions, empowering creatives, business owners and marketers to design with ease. Shutterstock, which announced the acquisition. This acquisition builds upon Shutterstock's strategy to expand its offering to small businesses, by providing additional tools to non-professionals for elevating their visual content across a variety of platforms. Shutterstock, a publicly traded photo and video company based in New York City, has acquired Seattle-based photo-editing company PicMonkey. (NYSE: SSTK) has acquired online graphic design and image editing platform PicMonkey, the company said.Īccording to Shutterstock, PicMonkey enables creators to design visual assets, from presentations, advertisements and logos, to business cards and banners, for an range of use cases, including digital marketing, advertising, and social media posts.įounded in 2012, PicMonkey allows creators to access thousands of templates, graphics and fonts, with tips and tutorials for producing sophisticated visual designs with an editorial look and feel for a range of channels. US-based creative platform Shutterstock, Inc. APA style: Shutterstock Acquires Creative Design Platform PicMonkey.Shutterstock Acquires Creative Design Platform PicMonkey." Retrieved from MLA style: "Shutterstock Acquires Creative Design Platform PicMonkey." The Free Library.
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