Pond5, the online video marketplace, has agreed to be acquired by Shutterstock, the publicly-traded destination for stock photography and creative assets for brands for $210M in an all-cash transaction. “We could not be more thrilled to join forces with Shutterstock to lead the video and music space,” remarked Tom Cray, CEO of Pond5. “Our combined editorial offerings will be a competitive force in the market, and offer additional choice to customers with highly exclusive editorial video content.”
We could not be more thrilled to join forces with Shutterstock to lead the video and music space. Our combined editorial offerings will be a competitive force in the market, and offer additional choice to customers with highly exclusive editorial video content. – Tom Cray
Founded in 2006 by Marcus Engene and Tom Bennett, Pond5 had raised a total of $61.5M in reported equity funding with the last round coming in 2014. Investors in the company include Accel, New York Angels, Stripes, Andy Appelbaum, and Cliff Sirlin. For Shutterstock, this marks the company’s 9th acquisition. The stock (SSTK:NYSE) is trading down slightly at $62.66. Shutterstock currently has a $2.26B market cap and this transaction is expected to be immediately accretive.
“The acquisition of Pond5 provides immense value for our global customer base, with unparalleled access to one of the largest collections of editorial and commercial video content in the world,” said Jon Oringer, Interim CEO at Shutterstock. “Our contributors will also benefit from having their work showcased on Pond5’s platform, expanding their portfolio to new customers.”
The acquisition of Pond5 provides immense value for our global customer base, with unparalleled access to one of the largest collections of editorial and commercial video content in the world. Our contributors will also benefit from having their work showcased on Pond5’s platform, expanding their portfolio to new customers. – Jon Oringer
