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Third Light acquired by PhotoShelter in digital asset management software tie-up




The founder of Waterbeach-based Third Light says he is excited by the possibilities offered following the company’s acquisition by PhotoShelter.

Third Light provides digital asset management (DAM) software for more than 300 global customers, including the likes of the University of Cambridge, Sony, Virgin, Southampton FC, Infosys, Sixt and the Ellen MacArthur Foundation. Its flagship application is Chorus, which aids collaboration and work-in-progress tools for creatives.

Third Light's offices are at Cambridge Research Park, Waterbeach.
Third Light's offices are at Cambridge Research Park, Waterbeach.

New York-based PhotoShelter’s DAM software, meanwhile, provides 80,000 professional photographers with solutions for photo storage, portfolio websites, image delivery and monetisation, and is used by more than 1,300 organisations and brands, including Major League Baseball (MLB), NASCAR, Special Olympics, Delta Airlines, Sports Illustrated, NCAA Photos, FreshDirect and The PGA Tour.

PhotoShelter said the deal expanded its DAM capabilities for enterprises, organisations and creatives, would accelerate product innovation and growth and help meet the global demand for faster, easier, smarter cloud-based collaboration tools.

The acquisition - with terms undisclosed - follows just a few months after Boston private equity firm Clearhaven Partners made a growth investment in PhotoShelter.

Andrew Fingerman, CEO at PhotoShelter, said: “Our investment in Third Light underscores PhotoShelter’s commitment to continued innovation and expansion of our capabilities and geographic footprint in order to best serve our current and future customers.”

Third Light’s products enable streamlined content exchange across teams, powerful search tools and unique features such as desktop sync and marketing-tech integrations.

Michael Wells, founder and MD of the Cambridge Research Park company, said: “We’re incredibly proud of the technology and trust we’ve built at Third Light with many of the world’s most discerning organisations.

“PhotoShelter’s extensive history of providing software that fosters seamless workflows with an emphasis on ease-of-use is evident in the blue-chip customer base it serves – we’re delighted that Third Light will now be part of the PhotoShelter platform and continue to support the growing global creative community.”

He said he was “excited” by the acquisition and “incredibly optimistic about the ability for our combined organisation to continue providing the industry’s best products and service in DAM”.

The DAM software market is worth around $5billion today and growing 20-30 per cent annually.

PhotoShelter, which also has offices in Guadalajara, Mexico, has grown its brands solution at a sustained 45 per cent CAGR and now looks after four billion visual media assets on its platform and more than 18 petabytes of data.

Michelle Noon, co-founder and managing partner at Clearhaven, said: “Both PhotoShelter and Third Light have customer-first approaches to innovation and service that exemplify the characteristics we look for in our investments.”



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