Shutterstock dishes out US$75m to ramp up 3D content with TurboSquid buy Details
Creative stock library platform Shutterstock is acquiring TurboSquid to ramp up its 3D marketplace offering for US$75 million of cash payable at closing. TurboSquid has been a 3D industry leader, offering 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.
Since its inception in 2000, TurboSquid has enabled the creation, optimisation, publishing and monetisation of 3D models, while accelerating time to market and reducing development hours via its proprietary technology. Stan Pavlovsky, CEO of Shutterstock said the growth of 3D, AR and VR content and the potential to engage consumers with this disruptive technology is at an all-time high, and TurboSquid s “industry-leading platform allows Shutterstock to make the distr
Raymond-james
Turbosquid-pixelsquid
Turbosquid-saa
Stan-pavlovsky
Shutterstock-studios
Matt-wisdom
Shutterstock
Turbosquid
ரேமஂட்-ஜேம்ஸ்
டர்போஸ்கிட்-சா
மேட்-ஞானம்
1/26/21
Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies, today announced that it entered into a definitive agreement to
acquire TurboSquid, Inc., positioning Shutterstock as the world s largest 3D marketplace.
For over 20 years, TurboSquid has been a 3D industry leader, offering 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. Since its inception in 2000, TurboSquid has enabled the creation, optimization, publishing and monetization of 3D models, while accelerating time to market and reducing development hours via its proprietary technology.
New-york
United-states
Louisiana
New-orleans
Raymond-james
Turbosquid-pixelsquid
Turbosquid-saa
Stan-pavlovsky
Shutterstock-inc
Turbosquid-inc
Facebook
Chief-executive-officer-matt-wisdom
Shutterstock to Acquire TurboSquid, the World s Largest 3D Marketplace
News provided by
Share this article
Share this article
NEW YORK, Jan. 26, 2021 /PRNewswire/ Shutterstock, Inc. (NYSE: SSTK) (the Company ), a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies, today announced that it entered into a definitive agreement to acquire TurboSquid, Inc., positioning Shutterstock as the world s largest 3D marketplace.
The acquisition of TurboSquid establishes Shutterstock as the premium destination for 3D models.
For over 20 years, TurboSquid has been a 3D industry leader, offering 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. Since its inception in 2000, TurboSquid has enabled the creation, optimization, publishing and monetization of
New-york
United-states
Louisiana
New-orleans
Raymond-james
Turbosquid-pixelsquid
Turbosquid-saa
Stan-pavlovsky
Exchange-commission
Company-or-turbosquid
Shutterstock-inc
Twitter
vimarsana © 2020. All Rights Reserved.