 | |
| Company type | Subsidiary |
|---|---|
| Industry | Photography products, Printing |
| Founded | 1999 |
| Headquarters | San Francisco, California |
| Products | Photo sharing, Photo products |
| Parent | Shutterfly |
| Website | www |
Snapfish, LLC [1] is a web-based photo sharing and photo printing service owned by Shutterfly based in San Francisco, California. It was launched in 1999 by Rajil Kapoor, Bala Parthasarathy, Suneet Wadhwa, and Shripati Acharya, and its current CEO is Jasbir Patel.
Snapfish was launched in 1999 by business partners Rajil Kapoor, Bala Parthasarathy, [2] Suneet Wadhwa, and Shripati Acharya.[ citation needed ] Ben Nelson joined soon thereafter as corporate development operations lead, to become CFO and later president and CEO. [3]
On October 30, 2001, the service was acquired by Beltsville, Maryland-based digital imaging services company District Photo for an undisclosed amount. [4]
In 2004, Snapfish opened a physical retail concept store in Alexandria, Virginia, but later closed it.[ why? ] [5]
The next year, Snapfish was bought by Hewlett-Packard [6] for $300 million while Nelson was CEO, [7] even though the service's revenue at the time was less than $100 million.
Nelson continued to run the company as an HP subsidiary. During this time, Snapfish partnered with Walgreens, Costco, and Walmart. [8]
In August 2013, Snapfish announced on their local websites (and through a mailing to members) that they were shutting down the service in Belgium, India, the Netherlands and Spain. [9] In April 2015, HP reached an agreement to sell Snapfish back to District Photo. Under the terms of the sale, HP allowed the company to continue to use its printing services. [10]
During a website conversion in 2016, the service experienced a data loss. Photos prior to January 2014 were unable to be migrated to the new website system. Snapfish said that although some photo albums were recovered, others would remain empty. Typically Snapfish has three versions of images: high resolution, low resolution, and printable images. Both the high and low resolution images were lost and the backup files for the printable images were not recoverable. [11]
Jasbir Patel was named president and CEO in January 2017. [3] On September 28, 2018, it was announced that Snapfish would acquire CafePress for more than $25 million. [12] [13] The acquisition was completed on November 9, 2018. [14]
On June 10, 2019, Apollo Global Management announced that it would acquire both Snapfish and its rival Shutterfly in separate deals valued at around $3 billion in total. The two companies would be merged into a single entity, with Snapfish parent company District Photo as a minority stakeholder. [15] The merger of Shutterfly and Snapfish was completed on January 8, 2020. [16]
On May 4, 2020, it was announced that Snapfish will no longer be providing the platform for Boots Photo in the UK and Ireland from May 13, 2020. [17] On September 1, 2020, it was announced that PlanetArt, a subsidiary of a French diversified global technology group, [18] had acquired CafePress from Snapfish/Shutterfly. [19]
BENlabs, formerly BEN Group Inc., is a Los Angeles–based product placement, influencer marketing and licensing company. The company offers AI-driven product placement, influencer marketing services, music partnerships, rights clearance, and personality rights management services for the entertainment industry.
Walgreens is an American company that operates the second-largest pharmacy store chain in the United States, behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. It was founded in Chicago in 1901, and is headquartered in the Chicago suburb of Deerfield, Illinois. On December 31, 2014, Walgreens and Switzerland-based Alliance Boots merged to form a new holding company, Walgreens Boots Alliance. Walgreens became a subsidiary of the new company, which retained its Deerfield headquarters and trades on the Nasdaq under the symbol WBA.
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks. Its bank operates 2,781 branches in 15 states and Washington, D.C., offering consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is on the list of largest banks in the United States by assets; as of August 2023, it is the ninth-largest bank, with $514 billion in assets.
CafePress, Inc. is an American online retailer of a wide range of consumer items, including clothing, home decor, drinkware, stationery, gifts, and user-customized on-demand items. The company was founded in San Mateo, California, but is now headquartered in Louisville, Kentucky, where its production facility is also located. In 2001, CafePress.com won the People's Voice Webby Award in the Commerce category.
The Kodak Gallery was Kodak's consumer online digital photography web site. It featured online photo storage, sharing, viewing on a mobile phone, getting Kodak prints of digital pictures, and creating personalized photo gifts. The service was originally launched in 1999 as Ofoto, and was acquired by Kodak in 2001, renamed Kodak EasyShare Gallery in 2005, and shortly thereafter shortened to Kodak Gallery. At its peak in 2008, it served over 60 million users and billions of images. Subsequent to the bankruptcy of the parent Kodak, Shutterfly placed a stalking horse bid on Kodak Gallery on March 1, 2012, for $23.8 million. Kodak Gallery was shut down on July 2, 2012. Photos were transferred to Shutterfly.
Bob Evans Restaurants is an American chain of restaurants owned by Golden Gate Capital based in New Albany, Ohio. After its founding in 1948 by Bob Evans (1918–2007), the restaurant chain evolved into a company with the corporate brand name "Bob Evans Farms, Inc." (BEF), and eventually established a separate food division to handle the sale of its products in other markets.
HP Indigo Division is a division of HP Inc.'s Graphic Solutions Business. It was founded in 1977 in Israel and acquired by Hewlett-Packard in 2001. HP Indigo develops, manufactures and markets digital printing solutions, including printing presses, proprietary consumables/supplies and workflow solutions. HP Indigo has offices around the world, with headquarters in Ness Ziona, Israel.
Shutterfly, LLC. is an American photography, photography products, and image sharing company, headquartered in San Jose, California. The company is mainly known for custom photo printing services, including books featuring user-provided images, framed pictures, and other objects with custom image prints, including blankets or mobile phone cases. The company has a variety of sub-brands including the main Shutterfly photo gift business, TinyPrints, SnapFish, Spoonflower, Shutterfly Business Solutions, and Lifetouch.
Forest City Realty Trust, Inc., formerly Forest City Enterprises, was a real estate investment trust that invested in office buildings, shopping centers and apartments in Boston, Chicago, Dallas, Denver, Los Angeles, Philadelphia, and the greater metropolitan areas of New York City, San Francisco and Washington, D.C. The company was organized in Maryland with its headquarters in Cleveland, Ohio. As of December 31, 2017, the company owned 29 office buildings, 29 shopping centers, and 78 apartment complexes. On December 7, 2018, the company was acquired by Brookfield Asset Management.
Teledyne FLIR LLC, formerly FLIR Systems Inc,, a subsidiary of Teledyne Technologies, specializes in the design and production of thermal imaging cameras and sensors. Its main customers are governments and in 2020, approximately 31% of its revenues were from the federal government of the United States and its agencies.
CVS Health Corporation is an American for-profit healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provider, among many other brands. The company is the world's second largest healthcare company, behind UnitedHealth Group. In 2023, the company was ranked 64th in the Forbes Global 2000.
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Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in shopping centers containing upscale outlet stores in the United States and Canada.
The Hewlett-Packard Company, commonly shortened to Hewlett-Packard or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components, as well as software and related services to consumers, small and medium-sized businesses (SMBs), and fairly large companies, including customers in government, health, and education sectors. The company was founded in a one-car garage in Palo Alto by Bill Hewlett and David Packard in 1939, and initially produced a line of electronic test and measurement equipment. The HP Garage at 367 Addison Avenue is now designated an official California Historical Landmark, and is marked with a plaque calling it the "Birthplace of 'Silicon Valley.'"
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Walgreens Boots Alliance, Inc. (WBA) is an American multinational holding company headquartered in Deerfield, Illinois, which owns the retail pharmacy chains Walgreens in the US and Boots in the UK, as well as several pharmaceutical manufacturing and distribution companies. The company was formed on December 31, 2014, after Walgreens bought the 55% stake in Alliance Boots that it did not already own. The total price of the acquisition was $4.9 billion in cash and 144.3 million common shares with fair value of $10.7 billion. Walgreens had previously purchased 45% of the company for $4.0 billion and 83.4 million common shares in August 2012 with an option to purchase the remaining shares within three years. Walgreens became a subsidiary of the newly created company after the transactions were completed. As of 2022, Walgreens Boots Alliance is ranked #18 on the Fortune 500 rankings of the largest United States corporations by total revenue.
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We ended up getting a $300 million offer for cash and a long-term relationship with District Photo.