Pulse2 Technology and Social Media News » Shutterfly http://pulse2.com Sun, 27 May 2012 19:13:16 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Shutterfly Acquiring Tiny Prints For $333 Million http://pulse2.com/2011/03/22/shutterfly-acquiring-tiny-prints-for-333-million/ http://pulse2.com/2011/03/22/shutterfly-acquiring-tiny-prints-for-333-million/#comments Tue, 22 Mar 2011 06:44:48 +0000 Amit Chowdhry http://pulse2.com/?p=45205 Continue reading →]]>
Shutterfly, Inc. (NASDAQ:SFLY) has agreed to acquire card design company Tiny Prints for $333 million in cash and stock. People have been using social networks to share photos with friends and families so photo sharing websites like Flickr, Snapfish, Photobucket, and Shutterfly expanded their services to prints.

“Less than 5 percent of this market is currently being transacted online. We believe that with today’s announcement, we can significantly increase that percentage,” stated Shutterfly CEO Jeffrey Housenbold.

It is believed that Shutterfly’s card and stationery revenue will be increased to above $210 million in 2011. Shutterfly had a reported revenue of $307.7 million for the full the full 2010 year. Shutterfly is paying $141 million in cash and 3.9 million shares of common stock. Evercore Partners was the financial adviser to Shutterfly in the deal.

[BusinessWire]

]]> http://pulse2.com/2011/03/22/shutterfly-acquiring-tiny-prints-for-333-million/feed/ 0 Kodak and Shutterfly Suing Each Other Over Patent Infringement http://pulse2.com/2010/12/16/kodak-and-shutterfly-suing-each-other-over-patent-infringement/ http://pulse2.com/2010/12/16/kodak-and-shutterfly-suing-each-other-over-patent-infringement/#comments Thu, 16 Dec 2010 22:19:51 +0000 Amit Chowdhry http://pulse2.com/?p=39812 Continue reading →]]>
Eastman Kodak Company (NYSE:EK) is suing Shutterfly, Inc. (NASDAQ:SFLY) over patent infringement. Shutterfly is suing Kodak back as a result according to a regulatory filing. Kodak’s online photo uploading service Kodak Gallery directly competes with Shutterfly.com.

Kodak Gallery and Shutterfly.com both sell photo books, prints, calendars, and coffee mugs. Shutterfly received the Kodak lawsuit on Friday, which is seeking an injunction along with costs and damages (legal fees). The lawsuit does not specify which patents are in dispute.

In Shutterfly’s counter-lawsuit, they also are seeking an injunction, damages, and costs. “(Shutterfly) believes that it has meritorious defenses to this action and intends to defend this matter vigorously,” stated the company in the filing.

[Bloomberg]

]]> http://pulse2.com/2010/12/16/kodak-and-shutterfly-suing-each-other-over-patent-infringement/feed/ 1 Shutterfly Acquires Nexo Systems For Roughly $15 Million http://pulse2.com/2008/01/05/shutterfly-acquires-nexo-systems-for-roughly-15-million/ http://pulse2.com/2008/01/05/shutterfly-acquires-nexo-systems-for-roughly-15-million/#comments Sat, 05 Jan 2008 22:24:13 +0000 Amit Chowdhry http://pulse2.com/2008/01/05/shutterfly-acquires-nexo-systems-for-roughly-15-million/ Continue reading →]]> Shutterfly and Nexo Logos
Shutterfly, the $500+ million valued online photo sharing and printing company announced earlier that they have acquired Nexo.   The amount is for roughly under $15 million in the form of cash and stock.  Nexo Systems Inc. is a company that makes it easy to create web sites and e-mail lists.  Here’s the synergy in the acquisition:
1.) Shutterfly’s core demographic are families that enjoy sending pictures to each other to share memories.
2.) Nexo’s demographics are those who want to create quick web sites that revolve around pictures, blogs, and videos.

Craig Jorasch and Tom McGannon, Nexo’s founders, will join the Shutterfly’s technology team.  Shutterfly is based in Redwood City, Calif. and Nexo was based in Palo Alto Calif.  Shutterfly has over 1.5 billion images uploaded in its digital archive. 

“Photos play an important role in social expression and personal publishing, and Shutterfly is proud to be an early pioneer of online sharing. The acquisition of Nexo accelerates our next-generation sharing platform and enhances Shutterfly’s market leading position and consumer value proposition,” stated Jeffrey Housenbold, Shutterfly’s President and CEO. “Nexo’s talented development team has deep experience with Web 2.0 technologies and services. Nexo’s services will complement Shutterfly’s products and services, giving our customers more ways to connect with friends and family and to share pictures taken with multiple cameras at special events – from weddings and family reunions to the kids’ weekly soccer game.”

[Information Source: StreetInsider]

]]> http://pulse2.com/2008/01/05/shutterfly-acquires-nexo-systems-for-roughly-15-million/feed/ 0 Shutterfly Acquires Make It About Me! http://pulse2.com/2007/06/29/shutterfly-acquires-make-it-about-me/ http://pulse2.com/2007/06/29/shutterfly-acquires-make-it-about-me/#comments Fri, 29 Jun 2007 12:09:48 +0000 Amit Chowdhry http://pulse2.com/2007/06/29/shutterfly-acquires-make-it-about-me/ Continue reading →]]> Shutterfly LogoShutterfly, Inc. (NASDAQ:SFLY) [1] recently acquired Make it About Me![2]  The synergy behind the acquisition is that Make It About Me! produces books with custom pictures for about $40  and Shutterfly is one of the biggest picture sharing companies.

Shutterfly had an IPO around September 2006 and is currently valuated at $535.36 million.  Shutterfly’s opening price was at $15 per share and today, SFLY is trading at about $22.30 per share.

“This acquisition increases Shutterfly’s market leadership in the rapidly-expanding category of personalized storybooks and photo books,” stated Jeffrey Housenbold, President and CEO of Shutterfly. “We’re very pleased to offer parents compelling, personalized stories that feature their child together with beloved characters, such as their friends on Sesame Street, and others.”

Some of the custom books that Make It About Me! sells is My Adventure on Sesame Street and My Amazing Alphabet Adventures.  Below is a screen shot of My Adventure on Sesame Street:
Make It About Me Screen Shot 1
“We created Make it About Me! to inspire children to explore their world in an educational and fun way,” stated Michael Anthony and Jim McCreery, co-founders of Make it About Me! “As Shutterfly incorporates our technology and products into its award-winning Photo Book line, we are excited to see these books entertain, motivate and help educate young readers.”

The financial details were not disclosed.  This was Shutterfly’s first 2007 acquisition and through this acquisition, Shutterfly gains Sesame Street licensed content and themed characters. 

[1] Shutterfly.com
[2] makeitaboutme.com (now redirects to Shutterfly) 

References:
[3] thealarmclock

]]> http://pulse2.com/2007/06/29/shutterfly-acquires-make-it-about-me/feed/ 0 Shutterfly Studio Announces New Features Today http://pulse2.com/2007/03/08/shutterfly-studio-announces-new-features-today/ http://pulse2.com/2007/03/08/shutterfly-studio-announces-new-features-today/#comments Thu, 08 Mar 2007 19:20:55 +0000 Amit Chowdhry http://pulse2.com/2007/03/08/shutterfly-studio-announces-new-features-today/ Continue reading →]]> Shutterfly StudioShutterfly, the online picture sharing website created by James Clark (who also founded Netscape) in 1999 has announced today that its free picture organization software, Shutterfly Studio now has some newly expanded features.

“Because our customers are taking and storing more pictures each year, they require a more sophisticated solution for managing and editing their vast collection of memories,“ stated the President and CEO of Shutterfly, Jeffrey Housenbold. “We are introducing these enhanced features to Shutterfly Studio to provide consumers with an easy way to organize their images while adding a host of editing features that will allow them to further express their creativity.“

The new features include the ability to create a collage with over 140 templates.  There is also whiten teeth, thinning, oil paint, graphic poster, auto color, highlights, shadows, contrast, saturation, color temperature, and straighten features.

Shutterfly Studio is a competitor of Paint.NET, Adobe Photoshop, and Google’s Picasa.

]]> http://pulse2.com/2007/03/08/shutterfly-studio-announces-new-features-today/feed/ 1