News
Jupiter has acquired German agency IFA Bilderteam
Jupiter Images has announced that it has acquired all of the shares of the Munich Germny based stock photo agency IFA Bilderteam GmbH. Ifa Bilderteam is known to have a strong presence offering Rights Managed images in the German market and fits with Jupiter’s plans to focus on acquiring companies with a strong sales operation rather than last years strategy of acquiring companies with significant new content to add to the Jupiter offering. Jupiter appears to be attempting to replicate the success it had last year in acquiring a number of French companies (Agence Images, Stock Image, GoodShoot, PR Direct) with strong sales operations giving Jupiter a dominant postion in the market. "Combining our strong royalty-free presence in Germany with IFA's strong rights-managed presence creates a terrific base of operations to grow all of our Jupiterimages' brands in Germany, Austria and German speaking Switzerland. This plan is based on what we have successfully been implementing in France over the previous year," stated Alan M. Meckler, Chairman and CEO of Jupitermedia. Terms of the acquisition were not disclosed. Click here to view the original press release.
Posted in: News, Stock Photo Companies
