Bananastock Acquisition
Today we purchased one of the top Royalty Free stock image companies --- Bananastock, based near Oxford, England. Bananastock was created by Cathy Yeulet. Cathy had previously worked at Digital Vision (now part of Getty Images). Cathy has a reputation for being one of the finest photo producers in the world. Her photos are top notch and we are proud to now own them for our JupiterImages division.
The other good news is that Cathy has formed a new production company - yet unnamed - and she will be producing photos for us for the next several years and perhaps longer.
Another positive here is that JupiterImages is Bananastock's largest distributor worldwide. This is an enormous plus for us since we have purchased a highly profitable business (accretive on purchase) and also gained the benefit of being Bananastock's largest distributor (now a Bananastock sale for us is a direct sale).
We look forward to integrating Bananastock images into our overall Jupiterimages umbrella strategy. This program is making rapid strides so that it could soon be the equal if not better than any other image distribution platform in the world. The coming months will see us roll out more and more of this platform at Jupiterimages.com.
Jupitermedia CEO Alan Meckler
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