Shutterfly acquires BorrowLenses

shutterflyShutterfly has acquired BorrowLenses, the  online marketplace for photographic and video equipment rentals. BorrowLenses’s Founders, Max Shevyakov and Mark Gurevich, will join Shutterfly Inc. The terms of the deal were not disclosed.

“BorrowLenses addresses the growing consumer demand for high-quality products and services that are delivered on demand without high up-front costs,” said Jeffrey Housenbold, president and CEO of Shutterfly. “BorrowLenses is a perfect addition to the Shutterfly Inc. family of lifestyle brands, as they are the premium provider in the photo equipment rental category and are passionate about helping their customers capture moments by providing them with best in class photography and video equipment.”

USA, Redwood, CA & San Carlos, CA

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Rumour: Shutterfly to acquire ThisLife

this lifeTechCrunch is reporting a rumour that Shutterfly is to acquire online photo sharing and storage startup ThisLife an online photo storage and sharing service. The price is rumoured to be around $25 million.

This life raised $2.75 million seed funding in June 2012, led by Madrona Venture Group.

USA, Redwood City, CA

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