Shutterfly Buys Photo-Sharing Startup

by Christopher Freeburn | January 7, 2013 1:00 pm

SHUTTERFLY LOGO 2010 1 300x300 Shutterfly Buys Photo Sharing Startup[1]

Social media and personal publishing company Shutterfly (NASDAQ:SFLY[2]) said on Monday it will purchase[3] ThisLife, an online photo- and video-sharing start-up.

Under the deal, ThisLife co-founders Andrea Johnson and Matt Johnson will become part of Shutterfly’s team, Forbes noted.

Terms of the acquisition were not disclosed, but ThisLife obtained $2.75 million in seed financing in June of last year.

In a statement, Shutterfly said acquiring ThisLife would bolster its storage and sharing offerings for digital products. Shares of Shutterfly slipped fractionally in Monday afternoon trading.

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  3. said on Monday it will purchase:

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