Pond5, the web video market, has agreed to be acquired by Shutterstock, the publicly-traded vacation spot for inventory pictures and artistic property for manufacturers for $210M in an all-cash transaction. “We couldn’t be extra thrilled to hitch forces with Shutterstock to guide the video and music area,” remarked Tom Cray, CEO of Pond5. “Our mixed editorial choices might be a aggressive drive out there, and supply further option to clients with extremely unique editorial video content material.”
We couldn’t be extra thrilled to hitch forces with Shutterstock to guide the video and music area. Our mixed editorial choices might be a aggressive drive out there, and supply further option to clients with extremely unique editorial video content material. – Tom Cray
Based in 2006 by Marcus Engene and Tom Bennett, Pond5 had raised a complete of $61.5M in reported fairness funding with the final spherical coming in 2014. Buyers within the firm embrace Accel, New York Angels, Stripes, Andy Appelbaum, and Cliff Sirlin. For Shutterstock, this marks the corporate’s 9th acquisition. The inventory (SSTK:NYSE) is buying and selling down barely at $62.66. Shutterstock presently has a $2.26B market cap and this transaction is predicted to be instantly accretive.
“The acquisition of Pond5 gives immense worth for our international buyer base, with unparalleled entry to one of many largest collections of editorial and industrial video content material on the planet,” stated Jon Oringer, Interim CEO at Shutterstock. “Our contributors may also profit from having their work showcased on Pond5’s platform, increasing their portfolio to new clients.”
The acquisition of Pond5 gives immense worth for our international buyer base, with unparalleled entry to one of many largest collections of editorial and industrial video content material on the planet. Our contributors may also profit from having their work showcased on Pond5’s platform, increasing their portfolio to new clients. – Jon Oringer
