Posts tagged: shutterfly

Shutterfly to Acquire Tiny Prints

David Haueter
 Mar 25, 2011

Shutterfly announced this week that they have agreed to purchase Tiny Prints, a privately held card design company. In the deal, Shutterfly will pay $333 million for Tiny Prints, which includes around $141 million in cash and 3.9 million shares of Shutterfly common stock. Tiny Prints currently has around 220 full-time employees and another 80 contract or part-time workers. Once the transaction is completed (which is expected to take 30-60 days), the entire Tiny Prints team will join Shutterfly, including the company’s three co-founders. This will grow the size of the company significantly, as Shutterfly currently has around 620 employees. “Shutterfly and Tiny Prints share a common passion: providing customers with innovative, high quality premium products, stylish designs and exceptional customer service,” said Jeffrey Housenbold, President and CEO of Shutterfly.

Tiny Prints, which was founded in 2004, specializes in products like invitations, announcements and stationery, but also sells everything from photo books and calendars to canvas prints. Tiny Prints also operates Wedding Paper Divas, which specializes in wedding and bridal shower invitations, but also sells nearly everything that’s sold on the Tiny Prints site. In an interview following the announcement, Housenbold stated that Tiny Prints generated $87 million in revenue in 2010, which was up 53% from the prior year. Housenbold also stated that he believes the acquisition of Tiny Prints will help Shutterfly to further penetrate and grow their market share in the printed card market, which he sized at $12 billion. Shutterfly’s strategy is to move more of this volume to online ordering, which he says currently accounts for only 5% of the total printed card market. Read more »

Facebook Goes High-Res

Alan Bullock
 Oct 1, 2010

Late yesterday, Facebook, on its blog, announced plans to support “print-quality, high-resolution” photos. Maximum image size will be increased to 2048 pixels on the longest side, up from the current 720-pixel limit, which itself was an improvement from just 604 pixels earlier this year. This is significant news, sending ripples of both opportunity and uncertainty throughout the photo industry. Read more »

2016 InfoTrends, Inc.

WordPress Appliance - Powered by TurnKey Linux