Shutterfly Buys Photo-Sharing Startup

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

[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.

Endnotes:

[Image]: http://investorplace.com/wp-content/uploads/2012/04/SHUTTERFLY-LOGO-2010-1.jpg
SFLY: http://studio-5.financialcontent.com/investplace/quote?Symbol=SFLY
said on Monday it will purchase: http://www.forbes.com/sites/ericsavitz/2013/01/07/shutterfly-buys-thislife/

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