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  6. Shutterstock Acquires TurboSquid

M&A Deal Summary

Shutterstock Acquires TurboSquid

On January 26, 2021, Shutterstock acquired digital media company TurboSquid

Acquisition Highlights
  • This is Shutterstock’s 4th transaction in the Digital Media sector.
  • This is Shutterstock’s 4th transaction in the United States.
  • This is Shutterstock’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2021-01-26
Target TurboSquid
Sector Digital Media
Buyer(s) Shutterstock
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)

Target

TurboSquid

New Orleans, Louisiana, United States
TurboSquid is a unified 3D workflow, and operating a marketplace offering of more than one million 3D models, a 2D marketplace derived from 3D objects, and a digital asset management solution offered on a SaaS basis. TurboSquid was founded in 2000 and is based in New Orleans, Louisiana.

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Buyer(S) 1

Buyer

Shutterstock

New York, New York, United States
Category Company
Founded 2003
Sector Digital Media
Employees1,274
Revenue 875M USD (2023)
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 7 of 16
Sector: Digital Media M&A 4 of 8
Type: Add-on Acquisition M&A Deals 7 of 15
State: Louisiana M&A 1 of 1
Country: United States M&A 4 of 10
Year: 2021 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-11 Amper Music

New York, New York, United States

Amper Music, Inc. is an AI-driven music platform that enables users to create and customize original music by leveraging over one million individual audio samples recorded by musicians on thousands of unique instruments. Amper Music was founded in 2014 and is based in New York City.

Buy -
FOLLOWING 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 -
Mergr

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