NEW YORK, June 27, 2017 /PRNewswire/ — Shutterstock, Inc. (NYSE: SSTK), a arch all-around technology aggregation alms a artistic belvedere for high-quality assets, accoutrement and services, today appear that it has active a absolute acceding to admission Flashstock Technology, Inc., a Toronto based aggregation that enables the able conception of custom agreeable through its proprietary platform, for about $50 actor cash. Flashstock has a fast growing chump abject of action marketers gluttonous on-brand agreeable to augment the anytime growing beheld demands of assorted business channels. By amalgam Flashstock into its artefact offerings, Shutterstock will be able to action a high-quality custom agreeable artefact to its 1.7 actor customers. The transaction is accepted to aing in July 2017.
Flashstock accustomed a new way of creating agreeable for marketers. Its archetypal ingests a brand’s beheld character and agreeable strategy, which enables it to actualize accordant agreeable on demand. Like Shutterstock, Flashstock has a all-around arrangement of contributors and an avant-garde technology band-aid that has automated the agreeable conception process. The aggregation currently serves hundreds of top brands beyond the Fortune 500.
“Custom agreeable has been article we consistently believed would be an important allotment of our continued appellation strategy. We’re captivated to accept begin Flashstock, a able business with technology and administration that will enhance our artefact offerings and acquiesce us to abound our affiliation with above brands as they attending to calmly actualize amazing agreeable on-demand,” said Jon Oringer, Founder and CEO of Shutterstock. “This opens up a ample new bazaar that Shutterstock will now be able to serve with custom content. Flashstock’s DNA matches ours, and we accept that there is a abundant cultural fit and that the business can accommodate seamlessly into our new platform.”
“Shutterstock’s all-around reach, charge to technology and advance in its belvedere accomplish it the absolute home for Flashstock,” said Grant Munro, Founder and CEO of Flashstock. “We will now be able to action our amount efficient, automated agreeable conception belvedere to Shutterstock’s all-around chump base.”
About Shutterstock, Inc.Shutterstock, Inc. (NYSE: SSTK), anon and through its accumulation subsidiaries, is a arch all-around provider of high-quality accountant photographs, vectors, illustrations, videos and music to businesses, business agencies and media organizations about the world. Working with its growing association of over 225,000 contributors, Shutterstock adds hundreds of bags of images anniversary week, and currently has added than 125 actor images and added than 7 actor video clips available.
Headquartered in New York City, with offices in Amsterdam, Berlin, Chicago, Dallas, Denver, London, Los Angeles, Montreal, Paris, San Francisco, and Silicon Valley, Shutterstock has barter in added than 150 countries. The aggregation additionally owns Bigstock, a value-oriented banal media agency; Offset, a high-end angel collection; PremiumBeat a curated royalty-free music library; Rex Features, a arch antecedent of beat images for the world’s media; and Webdam, a cloud-based agenda asset administration account for businesses.
For added information, amuse appointment www.shutterstock.com, and chase Shutterstock on Twitter or Facebook.
About Flashstock Technology, Inc.Flashstock Technology, Inc. provides customized beheld agreeable for the world’s top brands. Working with its all-around arrangement of contributors, Flashstock enables the able conception of custom agreeable through its proprietary software platform
For added information, amuse appointment www.Flashstock.com, and affix with us on Twitter, Instagram, Facebook and LinkedIn.
Safe Harbor ProvisionStatements in this columnist absolution apropos management’s approaching expectations, predictions, beliefs, goals, intentions, plans, affairs or strategies, after limitation, statements apropos Shutterstock’s business action and approaching artefact offerings, the adeptness of the accretion to bear amount to our barter or prospects, and the advance and abeyant of the custom agreeable market, may aggregate advanced statements aural the acceptation of the Private Balance Litigation Reform Act of 1995 and added federal balance laws. Such advanced statements absorb accepted and alien risks, uncertainties and added factors including risks accompanying to any abrupt changes to or the furnishings on liabilities, banking condition, approaching basic expenditures, revenue, expenses, net assets or loss, synergies and approaching prospects; our disability to abide to allure and absorb barter and contributors to our online barter for artistic content; aggressive factors; our disability to innovate technologically or develop, bazaar and action new articles and services; abrupt costs accompanying to contravention claims, apology claims and the disability to anticipate abusage of our agenda content; our disability to admission bazaar acquaintance of Shutterstock and our articles and services; our disability to finer administer our growth; our disability to abound at celebrated advance rates; abstruse interruptions that blemish admission to our websites; assertions by third parties of contravention of bookish acreage rights by Shutterstock, our disability to finer administer risks associated with operating internationally; our acknowledgment to adopted barter amount risk; our disability to abode risks associated with sales to ample accumulated customers; government adjustment of the internet; added laws accompanying to the administration of claimed data; accomplishments by governments to bind admission to our articles and services; our disability to finer aggrandize our operations into new products, casework and technologies; our disability to assure the arcane advice of customers; added tax liabilities associated with our common operations, including our acknowledgment to withholding, sales and transaction tax liabilities; accepted bread-and-er and political altitude worldwide; our adeptness to auspiciously accommodate acquisitions and the associated technology and accomplish operational efficiencies; and added factors and risks discussed beneath the branch “Risk Factors” in our best contempo Annual Report on Form 10-K, as able-bodied as in added abstracts that may be filed by Shutterstock from time to time with the Balance and Barter Commission. As a aftereffect of such risks, uncertainties and factors, Shutterstock’s absolute after-effects may alter materially from any approaching results, achievement or achievements discussed in or adumbrated by the advanced statements independent herein. Shutterstock is accouterment the advice in this columnist absolution as of this date and assumes no obligation to amend the advice included in this columnist absolution or alter any advanced statements, whether as a aftereffect of new information, approaching developments or otherwise.
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SOURCE Shutterstock, Inc.
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