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Photolibrary acquires Stock Image Group

By Brent Phelps December 20, 2005

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Sig_photolibrary_new_zealandPhotolibrary Group NZ Ltd, a subsidiary of The Photolibrary Group, has announced the acquisition of Stock Image Group Limited (SIG) of New Zealand. SIG has developed a reputation as a reliable resource for stock art buyers in New Zealand. Glenn Parker, CEO of Photolibrary Group, stated: �We are strongly committed to the New Zealand market and very proud of the high level of service and real customer focus that has seen us become a market leader. All of the SIG staff will be joining the Photolibrary team, which was an important part of the transaction. We will also continue to support the top New Zealand based photographers, not only within the New Zealand market, but also via Photolibrary�s world wide office and agency network.� Specific terms of the acquisition have not been disclosed. Click here for the original press release. Also reported by StockPhotoTalk.

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