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Photoshelter Acquires Uk-Based Third Light To Accelerate Growth And Global Leadership In Digital Asset Management

Jan 20, 2022•almost 4 years ago

Acquiring Company

PhotoShelter

Acquired Company

Third Light

New YorkFinancial ServicesSoftware

Description

PhotoShelter, a leading provider of digital asset management (DAM) software trusted by thousands of global organizations and enterprises, announced today that it has acquired Third Light, a UK-based DAM software provider. The acquisition was made in partnership with PhotoShelter's investor Clearhaven Partners ("Clearhaven"), a software and technology focused private equity firm based in Boston, and less than four months after Clearhaven's recent growth investment in PhotoShelter. Financial terms were not disclosed.

Company Information

Company

PhotoShelter

Location

New York, New York, United States

About

PhotoShelter is a market-leading provider of SaaS digital asset management (DAM) solutions that enable photographers and creative teams to unlock the power of a moment through tools to seamlessly organize, manage and distribute digital content. PhotoShelter's solutions are used by thousands of customers in the U.S. and worldwide, including in media, sports, education, travel & hospitality, healthcare, non-profits, and retail, among other end markets. For more information on how to improve your organization's digital asset management and creative workflows, visit: https://brands.photoshelter.com/.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed