Posts Tagged ‘acquisition’

500px Acqui-hires 2-Person Team Behind Popular iOS Photo-Browsing App ISO500

500px is on a tear. The service has been growing like a weed as of late, and appears to have some ambitious plans in the works. The company announced today that it has acqui-hired (i.e. buying out a small company mainly for the team’s talent) the two-man development team Pulpfingers, creators of the popular iOS 500px browsing app ISO500.
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Photo-Sharing App Color Shutting Down, Sold for $7M After Raising $41M

All good things come to an end. Bad ones do too. After denying rumors last month that it would soon be shutting down, the over-funded photo-sharing app Color has now announced that it will indeed be shuttering its service.
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Citizen Journalism Photo Agency Demotix Snatched Up by Corbis

Corbis, one of the largest photo agencies in the world, has agreed to acquire Demotix, a crowd-sourced citizen journalism photo agency that was founded in 2008. Corbis had already picked up a piece of the young agency through an investment last year, but now it has decided to purchase the whole company outright. The acquisition price was not disclosed.
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Apple Reportedly Acquires Photo Sharing App Color

Well, that’s quite a turn of events. Yesterday we reported that photo sharing app Color had denied rumors that the service would soon be shutting down. Based on the app’s lack of users, we said that Color would need to find some traction — and find it soon — for the $41 million invested in it to pay off. Turns out they won’t be needing a miracle after all, because they’ve reportedly already found one: the app will reportedly be acquired by Apple.
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Shutterfly Gobbles Up Another Camera Company Photo Sharing Site

Shutterfly is making a habit of gobbling up photo sharing services that camera companies no longer want to run. Less than half a year after acquiring Kodak Gallery from Kodak for a meager $23.8 million, Shutterfly has now taken another photo site off the hands of a company very similar to Kodak: Fujifilm. The Japanese imaging company has agreed to dump its photo sharing and printing business SeeHere into Shutterfly’s lap, shutting down the service on November 8, 2012.
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Google-Owned Nik Software will Continue Offering High-End Photo Tools

When news of Google’s acquisition of Nik Software emerged a week ago, most of the tech press (and this blog) focused on one particular offering: Snapseed. It’s a highly-acclaimed mobile photo editing app that has been growing like a weed as of late, so it made sense that Google would want it to participate in the ongoing mobile photo sharing war, right? Well, maybe not.
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Social Photo Aggregator Pixable Acquired for $26.5 Million

Social photo aggregation service Pixable has been acquired by Singaporean telecommunications company SingTel for $26.5 million. The service helps in photo browsing and discovery by aggregating photographs from your various social networks (e.g. Facebook, Twitter, Instagram, Flicker) and using a special ranking system to only show you the interesting images. Billing itself as a “photo inbox”, users can also keep up with their friends’ photographs on-the-go using the company’s popular iOS and Android apps.
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Google Snaps Up Snapseed, Now Ready to Battle Facebook’s Instagram

Nik Software announced today that it has been acquired by Google. The company is the maker of Snapseed, one of the most popular photo editing apps in the iTunes App Store and a competitor to Instagram.
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Instagram Grew 1179% in the 6 Months Since Being Acquired by Facebook

Zuckerberg’s crazy $1 billion purchase of Instagram 6 months ago is now looking like a steal. BusinessInsider writes that the photo sharing app, which ended up costing just $735 million when the deal finally closed, has seen meteoric growth since the purchase agreement was made:

Mark Zuckerberg did a lot of things wrong during the first half of 2012, leading up to and through Facebook’s few months as a public company. One thing he did well was buy Instagram for $1 billion. It turns out that was a bargain.

Back then, the photo-sharing app for Android phones and iPhones had 860,000 daily active users. Today it has 11 million. That is 1179% growth in six months.

They also point out that photo sharing site Pinterest, which has far less users, has in recent months turned down acquisition offers of over $2 billion. Instagram has 30.3 million monthly users, and just passed the 100 million registered users mark. These astronomical prices being thrown around make Yahoo’s $35 million — the rumored figure — purchase of Flickr look like an absolute steal. Too bad they haven’t been able to do much with the service so far.

Zuckerberg’s Huge Win: Instagram Proves To Be A Bargain At $1 Billion [Business Insider]

Facebook’s Acquisition of Instagram Now a Done Deal, Final Value of is $735M

The final hurdles have been cleared, and Instagram is now officially part of Facebook. The startup’s 16 employees will be relocating from San Francisco to Facebook HQ in Menlo Park. In an announcement released through its newsroom, Facebook reaffirmed its commitment to keeping Instagram running as a standalone service:

As we said from the beginning, we are committed to building and growing Instagram independently. Instagram will continue to serve its community, and we will help Instagram continue to grow by using Facebook’s strong engineering team and infrastructure. We also can’t wait to work with the talented Instagram team to improve the mobile experience.

There will certainly be more resources available at Instagram founder Kevin Systrom’s disposal: the photo sharing app is being taken in by a company with roughly 4,000 employees and legions of world class software developers.
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