Shutterfly bolsters mobile offering, acquires Penguin Digital | VentureBeat | Deals | by Christina Farr
Summary
Shutterfly, a website for storing and printing digital photos, is stepping up its mobile offering in a bid to stay relevant. In March, faltering photo giant Kodak passed off its gallery printing services to Shutterfly for $23.8 million. “The acquisition of Penguin Digital supports our mobile strategy aimed at giving consumers better ways to engage with their photos and personalize products on the go,” said Jeffrey Housenbold, president and CEO of Shutterfly in a statement. “We believe it’s important to give consumers the choice and convenience of transforming their memories into high quality products and gifts from their PC, tablet, and mobile phone.” Penguin Digital was founded in 2010 with $1 million in seed funding from Globis Capital, among others. Founders Reuven Moskowitz and Josh Friedman and the rest of the Penguin Digital team will head up Shutterfly’s New York office.