Deals

Photo service Shutterfly buys web site creator Nexo.com for under $15 million

Online photo service Shutterfly has purchased create-your-own-web-site company Nexo.com in a deal the two companies say was for under $15 million.

Redwood City, Calif.-based Shutterfly will use Palo Alto, Calif.-based Nexo as an easy way for its users to share their photos together on the site, such as for this sample family’s site.

Nexo launched almost a year ago, with angel backing (our coverage).

Meanwhile, Shutterfly, a publicly traded company, has been having a rough time — its stock traded sharply down last week, amid concerns about a larger recession, as well as about a sharp price cut by competitor Snapfish.

Trackbacks

  1. [...] deal were not yet disclosed. For Shutterfly, today’s deal builds on recent acquisitions of Nexo (acquired for $15 million in 2008), TinyPrints (acquired for $300 million) and Photoccino, an Israeli photo startup it picked up in [...]

  2. [...] deal were not yet disclosed. For Shutterfly, today’s deal builds on recent acquisitions of Nexo (acquired for $15 million in 2008), TinyPrints (acquired for $300 million) and Photoccino, an Israeli photo startup it picked up in [...]

  3. [...] deal were not yet disclosed. For Shutterfly, today’s deal builds on recent acquisitions of Nexo (acquired for $15 million in 2008), TinyPrints (acquired for $300 million) and Photoccino, an Israeli photo startup it picked up in [...]