by Christopher Freeburn | January 7, 2013 1:00 pm
Social media and personal publishing company Shutterfly (NASDAQ:SFLY) said on Monday it will purchase 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.
Source URL: http://investorplace.com/2013/01/shutterfly-buys-photo-sharing-startup/
Short URL: http://invstplc.com/1ftzdUe
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.