Shutterfly has acquired Tiny Prints, a aggregation that online publishing aggregation that sells cards, invitations, alone jotter and photo books. The accord includes $141 actor in cash, and about 3.9 actor shares of Shutterfly accepted stock. In addition, Shutterfly will assets about 1.4 actor shares (valued currently at $60 million) of accepted banal as application for the vested and unvested Tiny Prints agent disinterestedness awards affected by Shutterfly. The absolute Tiny Prints aggregation will accompany Shuterfly.
Founded in 2004, Tiny Prints aloft allotment from Technology Crossover Ventures and Summit Partners in 2008 and has been assisting back its launch. Through TinyPrints.com and WeddingPaperDivas.com, Tiny Prints offers beautiful stationary, greeting cards and added online. Users can aces from a all-inclusive array of styles and adapt printed invitations and cards with images, text, and colors.
Personally, I’m a huge fan of the account and accept acclimated both TinyPrints and WeddingPaperDivas for anniversary cards, acknowledge you addendum bells invitations and more. The aggregation could be a fit aural Shutterfly to amalgamate photo administration and press with the jotter and press business.
Shutterfly says that the transaction will aing in about 30 to 60 canicule and afterward the deal, Tiny Prints stockholders will own about 12% of the pro forma accumulated company.
Shutterfly best afresh purchased Tiny Pictures in 2009.
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