PhotoShelter Acquires 3rd Gentle to Develop DAM Capabilities and Much more News

PhotoShelter, a provider of digital asset administration (DAM) software package, has introduced that it has acquired Third Light-weight, a United kingdom-based DAM computer software company. The acquisition was made in partnership with PhotoShelter’s trader Clearhaven Companions (“Clearhaven”), a software program and technologies targeted private equity company based mostly in Boston, and less than 4 months just after Clearhaven’s new expansion financial investment in PhotoShelter. Monetary conditions ended up not disclosed.

PhotoShelter delivers visual media collaboration. It provides capturing and storing photos in real-time, information delivery and licensing, between other services and products and solutions. Photographers use the platform for image storage, portfolio sites, graphic shipping and delivery and monetization and extra.

PhotoShelter with 3rd Gentle acquired its flagship DAM application, Refrain, which capabilities collaboration and equipment for creatives, and adds much more than 300 world wide clients. The merger expands PhotoShelter’s DAM capabilities and worldwide market place share. “At PhotoShelter, we strategy electronic asset administration as much more than a area for storing assets, but as a facilitator for fostering lively collaboration and workflow simplicity – an approach that has been outlined by our customers’ requires,” Andrew Fingerman, CEO at PhotoShelter, claimed in a press release, “…our investment decision in Third Gentle underscores PhotoShelter’s dedication to continued innovation and enlargement of our capabilities and geographic footprint in buy to ideal serve our present-day and upcoming shoppers.”

PhotoShelter safeguards a lot more than 4 billion visual media property on its platform and far more than 18 petabytes of data. In 2021, PhotoShelter and Third Light-weight added far more than 300 new organizations to the platform, including assistance for all 30 Main League Baseball groups.

With the acquisition of 3rd Light, it has included a European-based office in Cambridge, British isles, even though maintaining its existing destinations in New York City (US headquarters) and Guadalajara, Mexico.

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