HP to Sell Snapfish Online Photo Service to District Photo

HP to Sell Snapfish Online Photo Service to District Photo

3061

Palo Alto, CA—HP announced a definitive agreement to divest Snapfish, its global online photo storage and merchandising business. District Photo, a provider of digital imaging fulfillment services, will acquire the Snapfish business, including technology assets and employees. The divestiture is in keeping with HP’s strategy to refocus the organization following HP’s previously announced separation into two separate companies.

As part of District Photo, Snapfish will be positioned to continue to grow its global online photo service, partnering with leading retailers and helping customers around the world store, share and print their photos online. District Photo expects to provide Snapfish customers with the same level of service and support they currently receive from HP.

After the transaction closes, HP will maintain a partnership with Snapfish. Snapfish will continue to use HP printing solutions, and HP will provide the HP Connected Photo application developed by Snapfish on HP consumer PCs, including the Sprout computing platform.

Subject to regulatory approvals and other customary closing conditions, HP expects the transaction to close in the second half of its fiscal year 2015. Financial terms of the deal were not disclosed.

Founded in 2004, Snapfish operates in 12 countries, making it among the largest international photo services. From Australia and Asia to Europe and Canada, Snapfish offers photography services in more than eight languages. The San Francisco-based company, which was acquired by HP in 2005, offers high-quality photo products and services, including free online photo sharing, photo storage and management, free editing tools and software, online print ordering, wireless imaging services for cameraphone and color handset users, and more than 70 personalized photo products.

Snapfish also provides infrastructure services to retailers, Internet service providers and wireless carriers, allowing them to offer these same products and services to their own consumers. snapfish.com

NO COMMENTS