United Online, Inc., a leading provider of consumer Internet subscription services, today announced that it has acquired certain assets related to PhotoSite, the online digital photo sharing business…
of Homestead Technologies, Inc., for approximately $10 million in cash and has entered into a related licensing and support agreement with Homestead Technologies.
PhotoSite is a premier photo-sharing service that enables anyone – from casual to amateur to professional photographers – to quickly and easily display photos on their own personal photo website.
With both free and subscription packages available, PhotoSite includes custom albums and photoblogs, full-screen slideshows, online print ordering and much more. Homestead employees currently dedicated to the PhotoSite service will join United Online and will continue to be based in the San Francisco Bay Area.
“The acquisition of PhotoSite, with its compelling functionality and cutting-edge technologies, is a perfect fit with our existing portfolio of high-quality consumer Internet subscription offerings,” said Mark R. Goldston, chairman, CEO and president of United Online, Inc.
“Digital photography, specifically photo sharing, continues to be one of the most popular online activities, and PhotoSite has created a feature-rich service that is extremely easy to use.
While PhotoSite is clearly attractive as a stand-alone offering, we also intend to integrate it into our existing services – including Classmates.com, NetZero and Juno, and our consumer Web-hosting businesses – enabling us to enhance our current offerings while reaching out to the more than 45 million registered users across our numerous services. We look forward to welcoming the talented PhotoSite staff to the United Online family.”
“By joining forces with United Online, PhotoSite will be able to carry on the development of new features for existing customers, while also focusing on making photo sharing even more accessible to millions of digital camera owners whose photos are still trapped on their hard disks,” said Justin Kitch, CEO of Homestead Technologies.
“While PhotoSite will no longer be part of the Homestead family, I am convinced that United Online will continue our commitment to developing creative, exceptional products that delight non-technical consumers.”
Murdok | Breaking eBusiness News
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