Envato Enters into Definitive Agreement to be Acquired by Shutterstock

Envato, a world leader successful integer imaginative assets and templates, announced coming its introduction into a definitive statement to beryllium acquired by Shutterstock, Inc. (NYSE: SSTK), a starring imaginative level renowned for offering high-quality imaginative contented for transformative brands, integer media, and trading companies. Envato’s flagship product, Elements, is simply a imaginative subscription empowering millions of creatives worldwide pinch unlimited downloads of a divers array of assets, templates, and more—an intelligent imaginative companion helping creatives make their people globally.

Since its inception successful 2006, headquartered successful Australia pinch a beingness successful Mexico and New Zealand, Envato has been astatine nan forefront of revolutionizing imaginative workflows—helping creatives get projects done faster and much efficaciously by enabling millions of group astir nan world to bargain and waste imaginative assets, usage smart creation templates and study imaginative skills. Through its committedness to providing an extended breadth of plus types and a heavy library, arsenic portion of a awesome worth offering pinch unwavering dedication to value artistry, Envato has go synonymous pinch productivity and innovation.

“This acquisition is further nickname of nan move Australian imaginative startup manufacture and its publication to nan world stage—where homegrown invention is shared worldwide,” acknowledges Envato co-founder Collis Ta’eed. “Over nan years, we’ve been privileged to turn pinch this passionate organization of creatives who person shown america nan possibilities that originate astatine nan intersection of exertion and creativity. I americium incredibly grateful for this and honored to person been portion of nan effect and occurrence of this imaginative community.”

“We’re thrilled astir this transaction and look guardant to welcoming nan Envato squad to Shutterstock,” remarked Shutterstock CEO Paul Hennessy. “This acquisition will pave nan measurement for our description into caller products, audiences and contented types. It besides will propel america further into nan move Asia Pacific region, making a important measurement toward achieving our early maturation plans.”

“I spot this arsenic an inflection constituent successful our travel and americium immensely proud of nan activity nan squad has done complete nan years to group america up for nan future” says Hichame Assi, CEO. “Together with Shutterstock, we stay patient successful our committedness to listening to nan needs of our imaginative community, fostering invention and providing an situation wherever productivity thrives.” 

Looking ahead, Ta’eed adds “I’m excited and optimistic for Envato’s early arsenic Hichame and nan squad participate this caller chapter, and I americium eager to witnesser really it continues to style and empower nan imaginative organization worldwide.”

Financing Sources and Advisors

Financing for nan transaction will beryllium provided by Bank of America, Citigroup, Wells Fargo, and Citizens. CapM Advisors and White & Case LLP acted arsenic financial advisor and ineligible advisor, respectively, to Shutterstock. Drake Star Partners and Goodwin Procter LLP and King & Wood Mallesons acted arsenic financial advisor and ineligible advisors, respectively, to Envato.

Envato is simply a world leader successful integer imaginative assets, devices and templates. Serving customers worldwide, Envato is shaping nan imaginative process pinch products specified arsenic Envato Elements–the basal imaginative subscription–and Placeit, a premier level for mockups and templates. With complete 16 cardinal high-quality assets made by passionate and talented world contributors, Envato is dedicated to fueling imaginative projects pinch ready-to-use creation and video templates, banal videos, graphics, photos, euphony tracks and sound effects and more. Envato is elevating nan early of sourcing imaginative assets–making nan acquisition much intelligent and usable and empowering creatives to get projects done faster and much effectively. 

Shutterstock, Inc. (NYSE: SSTK) is simply a starring world imaginative level offering high-quality imaginative contented for transformative brands, integer media and trading companies. Fueled by millions of creators astir nan world, a increasing information motor and a dedication to merchandise innovation, Shutterstock is nan starring world level for licensing from nan astir extended and divers postulation of high-quality 3D models, videos, music, photographs, vectors and illustrations. From nan world’s largest contented marketplace, to breaking news and A-list intermezo editorial access, to all-in-one contented editing level and workplace accumulation services—all utilizing nan latest successful innovative technology—Shutterstock offers nan astir broad action of resources to bring storytelling to life.

Forward-Looking Statements

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