WebDAM, co-founded by Steve Rabkin, who is the CEO, provide a series of online tools for managing, digital images in a cloud -based format.
Jon Oringer ‘s Shutterstock just keeps on going from strength to strength these days. Having recently returned record profits Oringer has announced that his company has reached an agreement in principle for the acquisition of WebDAM, a start-up company that provides online tools that will provide efficient search tools and subsequent management, distribution and collaboration facilities for creative digital images stored “on the cloud”. At this stage details of the final purchase price remain confidential.
WebDAM’s technology is not only capable of handling static images, but also videos, documents and presentations, with their services being particularly attractive to large enterprise companies, which currently make up a significant percentage of WebDAM’s client base, where Shutterstock are reportedly interested in increasing their footprint.
According to industry onlookers, adding WebDAM to the list of associated companies will provide Shutterstock with the ability, which has been overdue, to deepen their market coverage marketing and creative teams, through being able to provide a more comprehensive service to meet their needs.
Announcing the acquisition, Jon Oringer stated that like Shutterstock, WebDAM is an innovative technology company trusted by some of the world’s leading brands, “.
“We are excited to join with WebDAM’s talented team to deepen our relationship with large organizations and to make it easier than ever for marketing and creative teams to do their best work.” Oringer summed up
Founded in 2005 by Jody Vandergriff and Steve Rabkin, who first got to know each other when they were colleagues in the bioinformatics industry, WebDAM has gone on to become a leading presence in the field of digital asset management, and have succeeded in revolutionizing the way several of the world’s leading companies companies manage and share digital media, across a wide range of industries including high-tech, manufacturing , healthcare and travel and tourism in the private sector, as well as higher education, nonprofit and even major government departments.
After the acquisition has been completed, which is expected to happen within the next few weeks, plans are that WebDAM will continue to operate in their existing offices in San Mateo, California, under the leadership of Jody Vandergriff and Steve Rabkin. This is a continuation of the successful practice instigated by Jon Oringer when he acquired Bigstock, a low-cost stock media provider, Offset, who specialize in high-end image collection and Skillfeed, which is an online marketplace for learning.