Add-on Acquisition • Business Services

Shutterfly Acquires BorrowLenses

On October 24, 2013, Shutterfly acquired business services company BorrowLenses

Acquisition Context
  • This is Shutterfly’s 2nd transaction in the Business Services sector.
  • This is Shutterfly’s 7th transaction in the United States.
  • This is Shutterfly’s 3rd transaction in California.

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M&A Deal Summary

Date October 24, 2013
Target BorrowLenses
Sector Business Services
Buyer(s) Shutterfly
Deal Type Add-on Acquisition
Advisor(s) Needham & Company (Financial)

Target Company

BorrowLenses

San Carlos, California, United States
BorrowLenses is an online marketplace for photographic and video equipment rentals.
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Buyer Overview 1

Buyer

Shutterfly

Redwood City, California, United States

Category Company
Founded 1999
Sector Internet Software and Services
Employees2,016
Revenue 2.0B USD (2018)
DESCRIPTION
Shutterfly's corporate headquarters in Redwood City, California.
Shutterfly's corporate headquarters in Redwood City, California.

Shutterfly is an Internet-based social expression and personal publishing service. Shutterfly provides products and services that make it easy for consumers to preserve their digital photos in a creative and thoughtful manner. Shutterfly was formed in 1999 and is based in Redwood City, California.


Deal Context for Buyer #
Overall 7 of 10
Sector: Business Services 2 of 4
Type: Add-on Acquisition 6 of 9
State: California 3 of 4
Country: United States 7 of 10
Year: 2013 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-30 MyPublisher

Valhalla, New York, United States

MyPublisher has established itself as one of the leaders in custom photo book software, bookstore quality printing and superior customer service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-17 GrooveBook

Chatsworth, California, United States

GrooveBook is a mobile photo book app subscription service that sends customers a keepsake book of their mobile phone photos each month.

Buy $15M