Envato Joins Forces with Shutterstock in Acquisition Deal

Today marks an exciting chapter in Envato’s journey as we proudly announce that we have entered into a definitive agreement to be acquired by Shutterstock—a respected leader in creative content (this agreement is subject to customary conditions and is expected to close in the third quarter of this calendar year).

This acquisition will bring together shared values, a deep-rooted passion for creativity, and an unyielding commitment to shaping and empowering the global creative community. Looking forward, Envato co-founder Collis Ta’eed has expressed, “I’m excited and optimistic for Envato’s future as Hichame and the team enter this new chapter, and I am eager to witness how it continues to shape and empower the creative community worldwide.”

“I see this as an inflection point in our journey and am immensely proud of the work the team has done over the years to set us up for the future” says Hichame Assi, CEO. Together with Shutterstock, we remain steadfast in our commitment to listening to the needs of our creative community, fostering innovation and providing an environment where creativity thrives.

We can’t wait to shape the future of creativity with you. 

Read the full article here.

Image credit, Envato.com