Shutterfly to acquire Lifetouch in $825mn deal

By Pouyan Broukhim

California-headquartered Shutterfly, an online image publishing company, has announced that it has successfully agreed to acquire photography company Lifetouch in a deal worth $825mn.

Lifetouch is a leading operator within the school photography industry, photographing approximately 25mn children from 10mn households across 50,000 schools annually.

With this in mind, Shutterfly will be able to access the school market more readily and expand its offerings.

See also:

“Shutterfly and Lifetouch, two undisputed leaders in their respective industries, are both built around the mission of helping customers share life’s joy through photos,” said Christopher North, President & Chief Executive Officer of Shutterfly.

“Most exciting of all is the potential to bring together Lifetouch’s unique access to millions of families who value high-quality photographic portraits with Shutterfly’s cloud photo management, product breadth, and product creation capabilities.”

At the end of Lifetouch’s previous fiscal year ended 30 June 2017, the company recorded $963.9mn in revenue, of which Shutterfly expects to leverage $935mn of in the year following the acquisition.

Share

Featured Articles

Rise of the Chief Information Security Officer (CISO)

HE Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government and Dr Aloysius Cheang, Chief Security Officer Huawei UAE, on the new age of the CISO

UAE building cybersecurity fortress for a safer world

Exclusive: His Excellency Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government, on bold plans to build the world’s most secure digital society

The future of cybersecurity must be built on the basics

HE Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government and Dr Aloysius Cheang, Chief Security Officer Huawei UAE, on the future of cybersecurity

10 of the best speakers at Procurement & Supply Chain LIVE

Leadership & Strategy

10 apps to support staff on World Mental Health Day

Leadership & Strategy

DEI done right: Brook Sims, COO, MAC Diversity Recruiters

Leadership & Strategy