More news from the stock photography world this morning, after leader in the field iStock announced it would be expanding its services to include stock logo sales.
ShutterStock has agreed to acquire BigStockPhoto, a credit-based stock photo agency headquartered in Davis, California.
The terms of the acquisition were not disclosed.
Jon Oringer, founder and CEO of Shutterstock, said the expansion into the credit-based market will enable the company to “better satisfy the diverse payment preferences of stock photo buyers worldwide”. BigStockPhot, founded in 2004, will remain a separate entity and Shutterstock plans to grow the company’s global presence by investing in marketing, infrastructure and user experience.
BigStockPhoto says it boasts a library of 3.7 million royalty-free photos and vectors in total, as well as a “vibrant community of image buyers and submitters” from across the globe.
Crunch Network: CrunchBase the free database of technology companies, people, and investors
Related posts:
- Stock Photography Consolidation: Shutterstock Buys BigStockPhoto More news from the stock photography world this morning, after...
- Fotolia Launches Free Stock Photography Bank PhotoXpress Fotolia, a marketplace for microstock photography and video, is...
- Looking For Stock Photos? Compare Prices With The SpiderPic Search Engine Ginipic has partnered with Picitup to launch SpiderPic. That’s a...
- LookStat Raises $500k For Microstock Photography Analytics LookStat, an analytics platform for photographers that sell their...
- Micro-Consolidation: PlaySpan Buys Spare Change The micro-industry forming around micro-transactions is now going through...
Related posts brought to you by Yet Another Related Posts Plugin.