Shutterstock a NYC-based provider of a platform offering content for brands, digital media, and marketing companies, acquired Envato Ptv Ltd, an Australia-based company that specializes in digital creative assets and templates, for $245 million.
Shutterstock will increase its product offerings with the acquisition, which is anticipated to occur in the third quarter, subject to customary closing conditions.
Led by CEO Hichame Assi, Envato enables millions of people around the world to buy and sell creative assets, use smart design templates and learn creative skills.
Led by CEO Paul Hennessy, Shutterstock provides a platform offering creative content for brands, digital media, and marketing companies.
Envato founders exit in $373 million Shutterstock deal.