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ShutterStock Acquires Photosights.com

By Brent Phelps January 06, 2006

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The Subscription based stock photography agency Shutterstock has announced the acquisition of the assets of Photosights.com. The acquisition gives Shutterstock access to new customers and the opportunity to add much of the 60,000 images offered on photosights.com to its collection of more than 500,000 images. Shutterstock is encouraging Photosights.com's photographers to resubmit their photos to ShutterStock. Photographers who had 2,500 images or more on the now defunct Photosights.com are eligible for a 'fast track' acclimation to facilitate their transition to ShutterStock. "This deal is particularly newsworthy given how unusual it is for a company of ShutterStock's size to acquire the assets of a competitor. "ShutterStock's model seems to be working, and we will continue to act aggressively to improve our product, build our business, and increase our market share," said Shutterstock CEO Jon Oringer. Click here to review the original press release. Also reported by StockPhotoTalk.

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