Shutterfly announces early settlement of the exchange offer Investments News 

Shutterfly announces early settlement of the exchange offer

GaryPageau
Shutterfly LLC announced it has closed its previously announced refinancing transaction. Earlier this year, news reports showed debt holders of the privately-held Shutterfly were seeking better terms after poor 2022 results. Details are in the press release below: Shutterfly, LLC (the “Company,” “we,” “our” and “us”) today announced that, on June 9, 2023, Shutterfly Finance, LLC, a subsidiary of the... Read More
Canva unveils global developers platform News 

Canva unveils global developers platform

GaryPageau
Canva introduced its new Canva Developers Platform, which includes a set of APIs and development tools,  at the company’s first developer conference, Canva Extend in San Francisco. Canva also announced a $50 million Canva Developers Innovation Fund to support app developers. Canva unveiled a multitude of ways for developers to build on the platform and released the Canva Apps SDK... Read More
Fujifilm launches Instax Square SQ40 New Products 

Fujifilm launches Instax Square SQ40

GaryPageau , ,
FUJIFILM North America Corp., Imaging Division, launched the INSTAX SQUARE SQ40 instant camera (SQ40), an addition to the INSTAX SQUARE lineup of instant cameras. Fujifilm’s INSTAX SQUARE SQ40 instant camera will be available at a manufacturer’s suggested retail price of $149.95 USD ($189.99 CDN) and is expected to be available for purchase by the end of June 2023. “Consumers love... 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
PhotoRoom partners with Google Cloud Partnerships 

PhotoRoom partners with Google Cloud

GaryPageau ,
  French imaging company PhotoRoom, an AI-based photo editing app designed for e-commerce businesses, announced a new partnership with Google Cloud, where PhotoRoom will use the power of Google Cloud A3 instances based on NVIDIA GPUs, and its expertise in scaling large AI models, to offer studio-quality images to more businesses than ever before. As a result, PhotoRoom will be... Read More
Shutterstock introduces flexible editorial subscription packages New Products 

Shutterstock introduces flexible editorial subscription packages

GaryPageau
Shutterstock, a global creative platform for transformative brands, newsrooms and media companies, announced the launch of the brand new Shutterstock Editorial platform, including offering Editorial Subscriptions for the first time. This centralized destination offers the entire Shutterstock Editorial offering with more than 90 million assets across entertainment, breaking news, sports, and archival already available and 700,000 new assets added each... Read More
Shutterfly announces early tender offer results for exchange offer News 

Shutterfly announces early tender offer results for exchange offer

GaryPageau
Personalized photo products leader Shutterfly announced the early results of its previously announced tender exchange offer. The San Jose-based company has been struggling to manage its debt load and, in May, announced to plans raise “approximately $200 million of additional debt financing, extend existing debt maturities, and meaningfully improve liquidity.” The heavily legalese-laden announcement indicates the tender offer is being... Read More
Advertising supported free prints app Frintz launches News 

Advertising supported free prints app Frintz launches

GaryPageau
Frintz, a Rochester, New York-based advertising-supported free prints startup, has officially launched. The company is led by printing industry veteran William Testa, with technology developed by former Eastman Kodak Co. technology executive, Gustavo Paz-Pujalt, Ph.D. The app-based offering provides free prints to consumers via iOS and Android apps; the free price is subsidized by advertising on the back of the... Read More
Printful acquires Snow Commerce News 

Printful acquires Snow Commerce

GaryPageau ,
Global e-commerce platform and on-demand production company Printful has acquired Ohio-based Snow Commerce, a managed service provider designing and running the e-commerce presence for brands including Warner Bros. Discovery, and NBCUniversal. Snow Commerce and Printful will together provide a complete ecommerce solution including program strategy, website and product creation, fan engagement, and on-demand, international production, and distribution, the company said.... 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