M&A Deal Summary

Shutterstock Acquires Picmonkey

On September 7, 2021, Shutterstock acquired internet software and services company Picmonkey from Spectrum Equity for 110M USD

Acquisition Highlights
  • This is Shutterstock’s 4th transaction in the Internet Software and Services sector.
  • This is Shutterstock’s largest (disclosed) transaction.
  • This is Shutterstock’s 7th transaction in the United States.
  • This is Shutterstock’s 1st transaction in Washington.

M&A Deal Summary

Date 2021-09-07
Target Picmonkey
Sector Internet Software and Services
Buyer(s) Shutterstock
Sellers(s) Spectrum Equity
Deal Type Add-on Acquisition
Deal Value 110M USD

Target

Picmonkey

Seattle, Washington, United States
website
Picmonkey is an online graphic design and image editing platform that enables creators of any skill level to design high-quality visual assets - from presentations, advertisements and logos, to business cards and banners - for an array of use cases, including digital marketing, advertising, and social media posts. Picmonkey was founded in 2012 and is based in Seattle, Washington.

Search 191,543 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Shutterstock

New York, New York, United States

website


Category Company
Founded 2003
Sector Digital Media
Employees1,328
Revenue 828M USD (2022)
DESCRIPTION

Shutterstock is a provider of high-quality licensed photographs, vectors, illustrations, videos and music to businesses, marketing agencies and media organizations around the world. Shutterstock was founded in 2003 and is based in New York, New York.


DEAL STATS #
Overall 11 of 15
Sector (Internet Software and Services) 4 of 5
Type (Add-on Acquisition) 11 of 14
State (Washington) 1 of 1
Country (United States) 7 of 10
Year (2021) 5 of 5
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Pattern89

Indianapolis, Indiana, United States

Pattern89 provides industry-level and custom insights for predictive performance at scale. Utilizing these insights allows marketers, agencies and creatives to make the right decisions - down to colors, copy and even emojis - without having to live A/B test. Pattern89 was founded in 2016 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Pond5

New York, New York, United States

Pond5 is an online marketplace for royalty-free and editorial video, with customers including Netflix, Disney, NBC, BBC, Discovery Channel, and The Wall Street Journal. The company's comprehensive collection includes 30 million licensable video clips, 1.6 million music tracks, and 1.7 million sound effects assets. It serves the needs of creators across industries from individual users to major corporations with competitive pricing and an array of purchase options including a unique pay-per-item model. Purchases are backed by a broad and flexible license, the best price guarantee, and a dedicated team standing by to provide expert assistance. Pond5 was formed in 2006 and is based in New York, New York.

Buy -

Seller(S) 1

SELLER

Spectrum Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 4.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $100 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.


DEAL STATS #
Overall 62 of 70
Sector (Internet Software and Services) 12 of 15
Type (Add-on Acquisition) 38 of 43
State (Washington) 3 of 3
Country (United States) 56 of 63
Year (2021) 3 of 6
Size (of disclosed) 26 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-16 Verisys

Alexandria, Virginia, United States

Verisys provides a comprehensive cloud-based technology platform of data, analytics, and services that supports enterprise-wide compliance in the U.S. healthcare industry. Verisys protects healthcare consumers by enforcing competency and regulatory compliance, system integrity, and patient safety through transparency. Verisys was founded in 1992 and is based in Alexandria, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Definitive Healthcare

Framingham, Massachusetts, United States

Definitive Healthcare is a provider of data and intelligence on hospitals, physicians, and other healthcare providers. The company’s data provides its 2,200+ clients with the analytics and insight needed to effectively segment and research the healthcare provider market. Definitive Healthcare was founded in 2011 and is based in Framingham, Massachusetts.

Sell -