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Shutterstock reports big net income increase Acquisitions Earnings reports News 

Shutterstock reports big net income increase

GaryPageau
Shutterstock, Inc. announced financial results for the second quarter ended June 30, 2023. Second-quarter revenue was basically flat at $208.8 million, but net income 157% to $50.0 million. “I’m pleased to report that, as reflected in our second quarter results and our revised full-year outlook, Shutterstock is not only adapting but that it is thriving in this dynamic environment.” said Paul... Read More
ME Group buys photobooth business in Japan Acquisitions News 

ME Group buys photobooth business in Japan

GaryPageau
ME Group International plc entered into an agreement, through its ME Group Japan K.K. subsidiary, with Fujifilm Corp. to buy two automated photobook businesses from Fujifilm Corp., under the names FUJIFILM Imaging Systems Co., Ltd. and N&F Techno Service Co., Ltd. The total transaction consideration is approximately £5.5 million (Japanese Yen 996 million) and is capped at that amount. The... Read More
PhotoShelter acquires Socialie analytics platform Acquisitions News 

PhotoShelter acquires Socialie analytics platform

GaryPageau ,
  Digital asset management (DAM) solution provider PhotoShelter announced the acquisition of Socialie, a category leader in user-friendly content distribution and advanced analytics. Made in partnership with PhotoShelter’s majority investor, Clearhaven Partners, the acquisition will strengthen PhotoShelter’s real-time distribution powers, provide PhotoShelter customers with more control and insight into the flow of content across their ecosystem, and position the company as... Read More
Private equity firm acquires Canadian camera chain Henry’s Acquisitions News 

Private equity firm acquires Canadian camera chain Henry’s

GaryPageau
North America’s largest camera retail chain Henry’s was acquired by Lynx Equity Ltd., a Toronto-based private equity firm specializing in acquiring small- and medium-sized businesses from owners looking to retire. All of Henry’s employees will remain in place, including its leadership team. Founded in 1909, Henry’s has 20 stores across Canada. In a press release, Lynx said it “is committed to... Read More
Amaze acquires Outfts creator hub Acquisitions 

Amaze acquires Outfts creator hub

GaryPageau ,
Amaze Software, Inc., the parent company of Amaze and Spring platforms, acquired Outfts, a creator hub empowering creators to own audiences and develop new income streams. The addition of Outfts technology will enable Amaze to provide creators with additional tools and services enabling new and sustainable revenue sources, the company said. Terms weren’t disclosed. The acquisition of Outfts holds immense significance as it paves... Read More
Kodak acquires Graphic Systems Services Inc. Acquisitions News 

Kodak acquires Graphic Systems Services Inc.

GaryPageau
Eastman Kodak Co. has acquired Graphic Systems Services Inc. (GSS), a provider of web inkjet press transport systems and other print-related components and engineering services. The acquisition gives the company greater control over its supply chain for inkjet press components and additional engineering expertise as it seeks to expand its growing portfolio of inkjet presses, the company said. Terms weren’t... Read More
EQT Growth to acquire GotPhoto Acquisitions Investments 

EQT Growth to acquire GotPhoto

GaryPageau ,
Stockholm-based EQT Growth fund has entered into an agreement to acquire a majority stake of GotPhoto Company from its founders, existing angel investors, and management team, who will remain minority owners. GotPhoto’s management team, including its CEO, Benedikt Greifenhofer, will continue to lead the company, building on its strong track record of growth, the announcement stated. As part of the transaction,... Read More
Investment firm completes purchase of Fujifilm’s Greenwood plant Acquisitions News 

Investment firm completes purchase of Fujifilm’s Greenwood plant

GaryPageau ,
GSA Business Report revealed the sale of the Fujifilm North America manufacuring complex in Greenwood S.C. has officially closed in a deal that preserved 300 jobs at the once-sprawling plant. The sale of the property was announced in July after Phoenix Investors leased 1.1 million square feet back to Fujifilm. Fujifilm, which was the only occupant of the site since 1988,... Read More
Ennis acquires School Photo Marketing Acquisitions 

Ennis acquires School Photo Marketing

GaryPageau ,
Ennis, Inc., Midlothian, Texas, announced the acquisition of School Photo Marketing in Morganville, New Jersey. Terms weren’t disclosed. School Photo Marketing provides printing, yearbook publishing, and marketing-related services to more than 1,400 school and sports photographers. “We are delighted to have the opportunity to bring School Photo Marketing, their employees, and their customers into the Ennis family,” says Keith Walters,... Read More
Circle Graphics acquires JONDO Acquisitions News 

Circle Graphics acquires JONDO

GaryPageau ,
Investment firm H.I.G. Capital announced its portfolio company, Circle Graphics, has acquired canvas print lab JONDO, Ltd. Terms weren’t disclosed. JONDO will become a unit of Circle’s Sensaria wall-decor division. JONDO is a provider of personalized photo products sold primarily through online channel partners. It operates three facilities strategically located across the United States to deliver high-quality, mass-customized products with... Read More
Condé Systems becomes an employee-owned company Acquisitions Investments 

Condé Systems becomes an employee-owned company

GaryPageau
Sublimation and heat-transfer supplier Condé Systems Inc. announced its employees are now the owners of the company through an employee stock ownership plan (ESOP). Condé Systems is a leading supplier of sublimation and digital heat-transfer equipment, supplies, products, and education. As a 100% ESOP-owned company, all of Condé’s stock is now held in trust by the ESOP exclusively for the... Read More
Horn Photo sells to Teamshares, adds employee owners Acquisitions Feature News 

Horn Photo sells to Teamshares, adds employee owners

GaryPageau ,
Fresno, Calif-based camera specialty store Horn Photo is 10% employee-owned after owners Stan and Shelley Grosz sold the business to Teamshares, a fintech company focusing on purchasing small businesses from retiring owners and working to keep all employees by providing equity in the business. Horn Photo is the 57th small business to use Teamshares to transition to an employee-owned business... Read More
Fast-growing Amaze acquires Spring Acquisitions News 

Fast-growing Amaze acquires Spring

GaryPageau , , ,
Amaze Software Inc. announced the acquisition of Spring’s best-in-class merchandising platform. Spring is most likely better known to imaging industry executives as Teespring, which is changed to in January 2021. Terms weren’t disclosed. In a statement, the company said, “We believe anyone can be a creator and those creators play an important role in how we learn, connect, and find... Read More
Perfect Corp., Provident combination approved Acquisitions 

Perfect Corp., Provident combination approved

GaryPageau ,
Taiwan imaging unicorn Perfect Corp. announced its previously announced merger with Provident Acquisition Corp. was approved at an extraordinary general meeting (the “EGM”) of Provident’s shareholders on Oct. 25, 2022. Upon closing, the resulting company will be called Perfect Corp. and its shares and warrants are expected to begin trading on the New York Stock Exchange under the ticker symbols... Read More
SmugMug acquires This Week in Photo network to expand content portfolio Acquisitions 

SmugMug acquires This Week in Photo network to expand content portfolio

GaryPageau , ,
SmugMug announced the acquisition of photography podcast network This Week in Photo (TWiP), and the addition of TWIP Editor in Chief, professional photographer, and industry influencer Frederick Van Johnson, to the SmugMug team to lead content and new media while continuing to grow and evolve This Week in Photo. “It’s an ideal match,” says SmugMug+Flickr VP of Marketing Scott Kinzie.... Read More