Shutterstock, Inc. (NYSE:SSTK) is looking for acquisitions. Jarrod Yahes, Chief Financial Officer said, "Shutterstock is going to be acquisitive. We developed a tremendous track record over the course of the past several years.
Our goal is to get our content engine into faster-growing content types to accelerate automation for our customers in our creative engine and to enhance the metadata in our data engine. Look at the work we've done so far, it's amazing. We acquired Pond5 and TurboSquid and Splash to make ourselves the leader in video and 3D and entertainment and trending content.
We acquired PicMonkey to pull forward our creative engine product road map by years. And we acquired Pattern89, Datasine and Shotzr to create a massive performance data constellation that we believe is going to be a major mover for us in our vision of making creative more effective for marketers. We've built a systematic approach to M&A. We look at market consolidation opportunities, acquihires and technology bolt-ons to accelerate our product road map".