Shutterstock - M&A Summary and Business Overview

Digital MediaCompany

Shutterstock M&A Summary

Shutterstock has acquired 16 companies, including 11 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 1 asset.

Shutterstock’s largest acquisition to date was in 2024, when it acquired Envato Pty for $245M. It’s largest disclosed sale occurred in 2018, when it sold WebDAM to Bynder for $49M. Shutterstock has acquired in 6 different US states, and 4 countries. The Company’s most targeted sectors include digital media (50%) and internet software and services (38%).

Shutterstock Business Overview

Where is Shutterstock headquartered?

Shutterstock is headquartered in New York, New York.

What is Shutterstock’s revenue?

Shutterstock disclosed revenue of 828M USD for 2022 and 773M USD for 2021.

How many employees does Shutterstock have?

Shutterstock has 1,328 employees.

What sector is Shutterstock in?

Shutterstock is a digital media company.

When was Shutterstock founded?

Shutterstock was founded in 2003.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity16
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 6
  • M&A Advisors 4

Shutterstock

Shutterstock, Inc.

350 Fifth Avenue 20th Floor,
New York, New York 10118
United States,
(646) 710-3417
www.shutterstock.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.2/yr) # 5 1 5 2 1 2 16
vol $65M $110M $53M $245M $473M
Sell (0.0/yr) # 1 - - - - - 1
vol $49M $49M
  17

Most Recent M&A

Company Date Value Type
Envato Pty Ltd. 2024-05-02 245M USD Add-on Acquisition
Melbourne, Australia · www.envato.com
Backgrid 2024-02-01 - Add-on Acquisition
London, United Kingdom · www.backgrid.com
Giphy, Inc. 2023-05-23 53M USD Divestiture
New York, New York · www.giphy.com
Splash News & Picture Agency, Inc. 2022-05-31 - Add-on Acquisition
Los Angeles, California · www.splashnews.com
Pond5, Inc. 2022-05-11 - Add-on Acquisition
New York, New York · www.pond5.com
Picmonkey 2021-09-07 110M USD Add-on Acquisition
Seattle, Washington · www.picmonkey.com
Pattern89 2021-07-27 - Add-on Acquisition
Indianapolis, Indiana · www.pattern89.com
Datasine Ltd. 2021-07-27 - Add-on Acquisition
London, United Kingdom · www.datasine.com
Shotzr, Inc. 2021-07-27 - Add-on Acquisition
Denver, Colorado · www.shotzr.com
TurboSquid, Inc. 2021-01-26 - Add-on Acquisition
New Orleans, Louisiana · www.turbosquid.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Digital Media 8 (50%) 118M (25%) 1 (100%) 49M (100%)
Internet Software and Services 6 (38%) 355M (75%) - -
Information Technology 1 (6%) - - -
Software 1 (6%) - - -
Total 16 $473M 1 $49M

By Geo

State/Country Buy Value Sell Value
United States 10 163M 1 49M
  New York 4 53M - -
  California 2 - 1 49M
  Washington 1 110M - -
  Louisiana 1 - - -
  Indiana 1 - - -
  Colorado 1 - - -
United Kingdom 3 33M - -
Canada 2 32M - -
  Quebec 1 32M - -
  Ontario 1 - - -
Australia 1 245M - -
Domestic 10 (63%) 163M (34%) 1 (100%) 49M (100%)
Cross-border 6 (38%) 310M (66%) - -
Total 16 $473M 1 $49M

Top M&A Advisors

Financial Deals
CapM Advisors
4
Legal Deals
White & Case
1
Sheppard Mullin Richter & Hampton LLP
1
Cahill Gordon & Reindel
1

Deal Values

buy # Total
$100M to $1B 2 $355M
< $100M 3 $118M
TOTAL $473M
Largest Envato Pty Ltd.
$245M (2024-05-02)
sell # Total
< $100M 1 $49M
TOTAL $49M
Largest WebDAM
$49M (2018-02-16)

M&A Connections

Deals
Acquired from
Investor(s)
19%
3 (19%)
Strategic(s)
6%
1 (6%)
Divested to
Strategic(s)
100%
1 (100%)

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