You are here
Shutterfly reports ransomware attack; Lifetouch and BorrowLenses affected News 

Shutterfly reports ransomware attack; Lifetouch and BorrowLenses affected

Personalized photography leader Shutterfly reported a ransomware attack on Sunday, Dec. 26. The incident was first made public by Bleeping Computer, which claimed a source identified the attackers as the Conti ransomware group. In a statement (reproduced below) Shutterfly said portions of the Lifetouch and BorrowLenses business were affected. They experienced interruptions with Groovebook, manufacturing offices, and some corporate systems as... Read More
Shutterfly acquires design and decor marketplace, Spoonflower Acquisitions News 

Shutterfly acquires design and decor marketplace, Spoonflower

Shutterfly announced an agreement to acquire Spoonflower, a Durham, N.C.-based artists marketplace, in “an accretive acquisition for approximately $225 million of enterprise value subject to certain working capital and other adjustments,” the company said in an announcement. The acquisition, which is subject to regulatory approvals and customary closing conditions, is expected to close in the third quarter of 2021. According... Read More
Shutterfly names Todd Marshall Lifetouch general manager People on the Move 

Shutterfly names Todd Marshall Lifetouch general manager

Shutterfly Inc. appointed Todd Marshall as general manager of Lifetouch; he joins the company Sept. 28. In this role, Marshall will be responsible for the Lifetouch portfolio, including school, preschool, and church photography, as well as JCPenney Portraits by Lifetouch and BorrowLenses. “Todd is a strong addition to the Shutterfly team,” said Hilary Schneider, chief executive officer of Shutterfly, Inc.... Read More
Rental market shift fits millennial trends Opinion 

Rental market shift fits millennial trends

Todays’ news the long-time photo-scanner marketer, E-Z Photo Scan, will pivot to a rental-only business model may surprise some – and certainly raises some questions about the future availability of Kodak Picture Saver Scanners – but it follows a growing trend among Millennials. This growing cohort is becoming more comfortable with renting – rather than owning – everything from cars,... Read More
Takeways from Shutterfly’s third-quarter earnings News Opinion 

Takeways from Shutterfly’s third-quarter earnings

Shutterfly reveals move to AWS, will retain BorrowLenses Shutterfly reported its third-quarter earnings last week, and gave insight into the progress of its brand consolidation and business-solutions expansion. As reported earlier, the Redwood City, Calif-based company trimmed its brands down to just Shutterfly, TinyPrints and Weddings, while combining these on to a single technical platform. Doing so caused an expected... Read More
Shutterfly Announces Fourth Quarter and Full Year 2016 Financial Results  Press releases 

Shutterfly Announces Fourth Quarter and Full Year 2016 Financial Results 

Full Year 2016 net revenues increased 7% year-over-year to $1.13 billionFull Year net income of $15.9 million New focus on four strategic areas announced, supported by 2017 restructuring Significant increases in profitability and quality of earnings in 2017 and 2018 support reinvestment towards sustainable growth February 01, 2017 REDWOOD CITY, Calif.–(BUSINESS WIRE)–Shutterfly, Inc. (NASDAQ:SFLY), the leading online retailer and manufacturer... Read More