Shutterstock® (www.Shutterstock.com) is pleased to announce that the acquisition of the assets of stock photo agency Photosights.com is now complete. Through the deal Shutterstock has increased its customer base, recruited new professional photographers to the site, and gained access to new images to consider for its library of premium royalty-free photographs, an unparalleled collection that, as of this week, now exceeds half a million images. The acquisition is in line with the company's strategy of rapid growth based on providing the best service possible - in this case, an accessible and highly successful subscription model - to the creative community.

"We're very excited about what this means for Shutterstock," said CEO Jon Oringer. "With the assets of Photosights.com, we.re able to offer Shutterstock clients, existing and new, an even stronger service than before."

The deal will accelerate the pace of growth for Shutterstock's photo library (the site already adds over 5,000 images each week) as images from Photosight.com are evaluated by Shutterstock screeners and, if accepted, posted to the site. Photosight.com's photographers are encouraged to resubmit their photos to Shutterstock immediately to expedite the approval process and begin earning money from Shutterstock customer downloads. Photographers who had 2,500 images or more on the now defunct site are eligible for a 'fast track' acclimation to facilitate their transition to Shutterstock.

The deal is particularly newsworthy given how unusual it is for a company of Shutterstock's size to acquire the assets of a competitor. "Shutterstock's model seems to be working, and we will continue to act aggressively to improve our product, build our business, and increase our market share," said Oringer.

About Shutterstock®
Founded in 2003, Shutterstock is the largest subscription-based stock photo agency in the world. Its outstanding collection of premium photos, illustrations, and vectors combined with a selection of innovative, user-friendly subscription plans has made Shutterstock a trusted resource for an expanding global customer base. An industry pioneer in selling royalty-free stock by subscription, Shutterstock was also the first online photo agency to offer editorial photos and launch a video library. Shutterstock Footage offers a comprehensive library of royalty-free video clips available on a per-clip basis or by subscription. For more information, visit www.Shutterstock.com.