/>
X

Shutterstock eyes enterprise with acquisition of software maker WebDAM

WebDAM asserted it will continue to focus on targeting creative and marketing teams, which will undoubtedly be boosted by Shutterstock's global presence.
rachel-king-640x465.jpg
Written by Rachel King on

Stock photography agency Shutterstock has long been serving commercial customers, but now it appears to by widening the net for larger fish.

The New York City-headquartered firm is acquiring digital asset management software maker WebDAM.

In Monday's announcement, Shutterstock specified that WebDAM's cloud-based toolset for managing and distributing digital photos, videos, and other pieces of content are "particularly attractive to large enterprises."

With a few integrations already in the pipeline, WebDAM users will now have Shutterstock’s library of images, vectors and videos -- if they choose to be come Shutterstock customers.

However, as explained by WebDAM CEO and co-founder Jody Vandergriff in a blog post, subscribing to one service does not demand signing up for both.

With 25 employees, the San Mateo, Calif.-based company will continue operations as normal from its Silicon Valley offices under current leadership rather than moving eastward.

WebDAM asserted it will continue to focus on targeting creative and marketing teams, which will undoubtedly be boosted by Shutterstock's existing global presence. The royalty-free stock photo library has customers in more than 150 countries as well as offices in Berlin, Chicago, Denver, London, and San Francisco.

Financial terms of the deal have not been disclosed. A closing date has not been pinpointed publicly yet, but it is expected to occur in the coming weeks.

Related

Why you should really stop charging your phone overnight
iphone-charging.jpg

Why you should really stop charging your phone overnight

iPhone
Samsung phone deal: Get the Galaxy S22 Ultra for $299
1296x729-29

Samsung phone deal: Get the Galaxy S22 Ultra for $299

Smartphones
The best iPhone deals available right now: July 2022
iphone 12 vs iphone 11 cnet.jpg

The best iPhone deals available right now: July 2022

iPhone