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The acquisition, which isn't yet finalized, will cost Shutterfly 5 million according to Star Tribune, who broke the news.Speaking about the business deal to Star Tribune, Lifetouch CEO Michael Meek revealed that the company's growth hasn't been sufficient enough to generate the cash needed for new tech investments, among other things.Shutterfly presents the solution, with its CEO Chris North explaining that the company will bring its products and cloud-based management system to Lifetouch.
Shutterfly—the massive online retailer of personalized photo-based products such as calendars and photo books—has announced plans to acquire Lifetouch, a professional photography company."We're just now bringing the two teams together." Of course, this isn't a one-way deal—Lifetouch has a lot to offer Shutterfly, mainly the prospective business of its 10 million-or-so customers, many of whom may turn to Shutterfly post-acquisition for their photo product needs."Lifetouch is [an] expert at photography and we provide online tools," says North.Both women going change too much present themselves on the outside.Testing fantastic tool dating austin smith to just to hook up for the 58th staging of wimbledon.