Skyview Capital to Acquire Assets of Prynt Corporation to Accelerate Investment in Growth, Innovation and Market Penetration
LOS ANGELES, Nov. 13, 2018 /PRNewswire/ — Global private investment firm Skyview Capital today announced that the company has acquired selected assets of Prynt Corporation through QuickerPics LLC. Terms were not disclosed.
Currently in distribution in thousands of online and physical retailers worldwide, Prynt reimagines how digital content is shared in the physical world with the first-ever smartphone printer/case. In addition to transforming smartphones into a portable instant camera, groundbreaking Augmented Reality (AR) technology adds a hidden video within the photo that is revealed with the Prynt app, magically bringing Prynt photos to life. Featured in leading technology magazines, gadget blogs, and social media influencers, Prynt is poised to revolutionize how the world shares smartphone photography.
“Skyview Capital brings deep operational expertise which can help modernize and accelerate growth at Prynt,” said Alex Soltani, Chairman and CEO of Skyview Capital. “Skyview has executed numerous tech-enabled and e-commerce transactions. We see a lot of opportunity for this business to operate independently and expand through organic and inorganic growth. The mobile printing sector is very fragmented, so we see an opportunity to consolidate the industry. Prynt fits at the intersection of Skyview’s capabilities in consumer electronics, software, e-commerce, and mobile solutions.”
Matt Thompson, Senior Vice President at Skyview Capital, said: “I am extremely pleased with the acquisition of select Prynt Corporation assets and look to continue serving its hundreds of thousands of print users. We are particularly excited by Prynt’s innovative AR and IP surrounding its extraordinary print case and are committed to adding more capabilities and enhancing the product’s value for all of our customers.”
“We are excited to continue the growth and expansion of the Prynt brand and see vast opportunities for photo printing and augmented reality. We intend to grow organically and protect and monetize our valuable IP,” said Rick Bigelow, Chief Executive Officer of QuickerPics, LLC and a Senior Vice President at Skyview Capital.
About Skyview Capital, LLC:
Skyview Capital, LLC is a global private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of mission-critical enterprises in the areas of technology, telecommunications, business services and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. The Los Angeles Business Journal recently recognized Skyview as one of the top 25 private equity firms in Los Angeles. To date, Skyview has successfully completed over 28 transactions within its target market verticals. For further information, please visit www.skyviewcapital.com.
About Prynt Corporation:
Prynt Corporation is changing the way digital content is shared with the company’s acclaimed smartphone printer/case. Prynt photos embed short videos that are revealed through the Prynt app, magically bringing pictures to life. Prynt products are available online and through prestigious retailers worldwide. QuickerPics, LLC is owner of the intellectual property and Prynt brands.