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App updates, rumors, financial news for the week of Aug. 30 News People on the Move Tips and tricks 

App updates, rumors, financial news for the week of Aug. 30

GaryPageau , ,
New apps and updates Shutterfly app updates adds printing to retail 64BitApps releases Image Plus v.1.3 for macOS Nikon Z Series adds dedicated 3D LUT for N-Log Google Photos adds OCR recognition to iOS and Android apps, via BGR Rumours and items from around the internet ‘Polaroid’ film: A Near Deal With Netflix Becomes a Legal Horror, via Hollywood Reporter Long-lost family photo album finds its way back... Read More
Shutterfly Announces Second Quarter 2019 Financial Results Earnings reports Opinion Press releases 

Shutterfly Announces Second Quarter 2019 Financial Results

GaryPageau , , 1 Comment
Shutterfly announced second-quarter financial highlights, for the period ending June 30. (To read the entire press release, click here.) The company, which entered into an agreement in June to be acquired by Apollo Global Management in a deal expected to be concluded early in the fourth quarter. Shutterfly reported net revenue of $473 million, with an operating loss of $7.9... Read More
Should shareholders vote for Shutterfly sale? Analyst says yes, with reservations News Opinion 

Should shareholders vote for Shutterfly sale? Analyst says yes, with reservations

GaryPageau , , , , , , , , , ,
While most industry watchers have acquiesced that the acquisition of Shutterfly by Apollo Global Management, with the corresponding merger with Snapfish, is a done deal, there are still some steps to be completed by the expected close by the end of the year. First, the merger is subject to government scrutiny under the Hart-Scott-Rodino Act, designed to maintain competition. As... Read More
DOJ files suit to block Quad purchase of LSC Communications Feature News Opinion 

DOJ files suit to block Quad purchase of LSC Communications

GaryPageau , , , , ,
The U.S. Department of Justice (DOJ) Antitrust Division, filed a civil antitrust lawsuit in the U.S. District Court for the Northern District of Illinois June 20 seeking to block printing giant Quad/Graphics Inc.’s proposed $1.4 billion acquisition of competitor LSC Communications. The all-stock transaction was announced on Oct. 31, 2018, and was approved Feb. 22, 2019, by shareholders of both companies. Either... Read More
Analysis: Gauging the impact of the new Shutterfly-Snapfish merger deal Acquisitions Feature News Opinion 

Analysis: Gauging the impact of the new Shutterfly-Snapfish merger deal

GaryPageau , , 1 Comment
The breaking news this week wasn’t that Apollo Global Management announced $2.7 billion all-cash deal to acquire Shutterfly Inc.; that had been telegraphed for some time. Shutterfly’s board had set up an exploratory committee to make this happen (although it wasn’t the first time). Nor was it the announcement the company found a new president and CEO in Ryan O’Hara,... Read More
Apollo Global Management to acquire Shutterfly, Snapfish News Opinion 

Apollo Global Management to acquire Shutterfly, Snapfish

GaryPageau , , , 1 Comment
Funds Managed by Affiliates of Apollo Global Management Announce the Acquisition of Shutterfly, Inc. in an All-Cash Transaction Valued at $2.7 Billion Shutterfly, Inc. stockholders to receive $51.00 per share in cash in a transaction with an enterprise value of $2.7 billion Apollo Funds separately enter into a definitive agreement with Snapfish NEW YORK, June 10, 2019 (GLOBE NEWSWIRE) —... Read More
Analysis: It’s probably a good time to take Shutterfly private News Opinion 

Analysis: It’s probably a good time to take Shutterfly private

GaryPageau , , ,
Editor’s Note: The following article is analysis and is not based on inside knowledge of Shutterfly, Lifetouch or any other parties mentioned. The specter of going photo personalization pioneer Shutterfly going private has lurked for the past five years or more, so the news the company board is again revisiting the issue isn’t a surprise. In 2014, Silver Lake Partners... Read More
Snapfish successfully completes cash tender offer for shares of CafePress News Press releases 

Snapfish successfully completes cash tender offer for shares of CafePress

GaryPageau ,
SAN FRANCISCO, Calif. and LOUISVILLE, Ky., Nov. 09, 2018 (GLOBE NEWSWIRE) — Snapfish, LLC (“Snapfish”), premier personalized photo service, today announced that its wholly-owned subsidiary, Snapfish Merger Sub, Inc. (“Purchaser”), successfully completed its tender offer for all the outstanding shares of common stock (“Shares”) of CafePress Inc. (NASDAQ: PRSS) (“CafePress” or the “Company”) at a price of $1.48 per share,... Read More
Class action suit filed claiming CafePress/Snapfish merger violates securities laws News Opinion 

Class action suit filed claiming CafePress/Snapfish merger violates securities laws

GaryPageau , ,
What should have been a pretty routine $25.3 million acquisition of CafePress by Snapfish has hit snag. A shareholder, Stephan Bushansky, has filed a class action suit naming CafePress the  company and the management team as defendants. Bushansky’s suit cites several SEC violations, adding combination “will unlawfully divest CafePress’ public stockholders of the Company’s valuable assets without fully disclosing all material information concerning... Read More
Snapfish to acquire CafePress for about $25.3 million News Opinion Press releases 

Snapfish to acquire CafePress for about $25.3 million

GaryPageau , 1 Comment
Struggling Louisville ecommerce retailer CafePress will be acquired by Snapfish for a stock deal worth about $25.3 million (17.1 million shares at $1.48 per share). According to the announcement, CafePress will remain in Louisville. Founded in 1999 by Fred Dunham and Maheesh Jain in California, CafePress has worked to improve profitability and spur growth after several tough years, according to company reports.... Read More
iMemories returns to founders in purchase from Shutterfly Feature News 

iMemories returns to founders in purchase from Shutterfly

GaryPageau , , , , ,
The industry’s largest recent acquisition – Shutterfly buying Lifetouch – created waves and, in the case of iMemories, new opportunities. The former Lifetouch segment was sold back to its founder, Mark Rukavina, and longtime executive Steve Krell, who are looking to expand the business dramatically. The Dead Pixels Society recently talked with Rukavina about the divestment and the future of... Read More
Apple updates iOS 12 Photo search, yields photo innovation leadership to Google News Opinion 

Apple updates iOS 12 Photo search, yields photo innovation leadership to Google

GaryPageau , , , , , , 2 Comments
Buried under the announcements of the recent Worldwide Developer Conference (WWDC) hosted by Apple Inc. were several enhancements to the iOS Photos app. Overall, the WWDC coverage mentioned how mild the announcements were – and we will leave you to delve into the live-blogging and extensive articles by others – they were especially true for photography. Compared to some of... Read More
Photo specialty can compete – and win – against big players Feature Opinion Sponsored post 

Photo specialty can compete – and win – against big players

Steve Giordano Jr. , , , , , ,
Guest post by Steve Giordano Jr., president, Photo Finale. I spend my day talking to photo specialty retailers. Many share their triumphs and challenges being an imaging industry entrepreneur. One common thread is frustration over the apparent competitive advantage enjoyed by Shutterfly, Snapfish, Walgreens, and other large-scale photofinishing brands. I say “apparent” because, the truth is, an independent retailer can beat a... Read More
London firm Popsa gets £3 million to automate photobooks News 

London firm Popsa gets £3 million to automate photobooks

GaryPageau , , , , , ,
The U.K. Standard reports London tech firm Popsa has raised £3 million from top investors to develop an automated way to make photobooks. Popsa, founded in 2016, has clinched £2.2 million in a seed funding round led by Pembroke Venture Capital Trust, a backer of brands like Five Guys and Alexa Chung’s fashion label. Famous ad man Sir John Hegarty, co-founder... Read More
Exclusive: Expansion-minded CanvasPop raises $3.3 million funding Feature Press releases 

Exclusive: Expansion-minded CanvasPop raises $3.3 million funding

GaryPageau , , , , , , , , , ,
CanvasPop, the decade-old Canadian photo canvas shop, has taken its first funding round with an eye for expansion.The $3.3 million infusion from some of Canada’s most-established VC firms will provide capital for future expansion into new product areas and possible acquisitions, says Adrian Salamunovic, co-founder and Chief Innovation Officer, CanvasPop. (See the full press release below). “We started the company originally... Read More