Canadian Startup 500px Acquires France-based Pulpfingers

Posted by Knowlton Thomas

Toronto's 500px has its eyes set on international expansion. Growth in Europe will be a major focus for the Canadian startup in 2013, evidence of which is the company's acquisition of Pulpfingers this week.

Pulpfingers is a startup based in Strasbourg, France. The company makes photo-centric apps for iOS.

According to sources cited in TechCrunch, the deal was largely an acqui-hire, meaning the startup was purchased for the talent behind it, not the assets owned by it. TC says it was "an all'stock transaction in the low seven figures range."

“It’s been our intention to increase our presence in Europe and we’ve been looking for the right opportunity," 500px CEO Oleg Gutsol is quoted as saying. "We have huge numbers of photographers in Germany, France and Spain, so a central presence in France makes a lot of sense.”

Earlier this year, 500px acquired recommendation engine startup Algo Anywhere for $2 million.

 

 

Company:
500px Inc.
Website:
http://www.500px.com
Location:
Toronto, Ontario, Canada

500px is a photo community powered by creative people worldwide that lets you discover, share, buy and sell inspiring photographs. The first version of 500px came to light in the early days of digital photography. At that time, everything was slightly different — the Internet was slower, 3.2 megapixel cameras were the latest buzz, digital photographers were just getting acquainted with their tools, and 500 pixels... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis or otherwise enjoying the outdoors. more



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