Shutterstock, Inc. announces its acquisition of Envato Pty Ltd., a leader in digital creative assets and templates, aiming to expand its creative content offerings. This acquisition includes Envato’s flagship product, Elements, providing Shutterstock customers with unlimited access to diverse creative content types.
2 May 2024 – Shutterstock, Inc., a leading global creative platform, has announced its definitive agreement to acquire Envato Pty Ltd. (“Envato”), a prominent provider of digital creative assets and templates. With this acquisition, Shutterstock aims to enhance its offerings by incorporating Envato’s flagship product, Elements, into its portfolio, providing customers with unlimited access to a wide range of creative content.
Envato, founded in 2006 and headquartered in Australia with a presence in Mexico and New Zealand, is renowned for its platform that enables millions worldwide to buy and sell creative assets, utilize design templates, and acquire creative skills. The company’s Elements subscription offers unlimited downloads of various assets, templates, and more, facilitating efficient and effective completion of creative projects.
Paul Hennessy, CEO of Shutterstock, expressed excitement about the acquisition, stating that Envato’s subscription model aligns with growing customer demands for diverse creative content types. He emphasized how this acquisition will allow Shutterstock to broaden its reach and offerings, fulfilling its mission of connecting customers to the content they need for their creative projects.
Envato’s CEO, Hichame Assi, reflected on the company’s journey, highlighting its substantial impact on the global creative community. Assi reiterated Envato’s commitment to empowering creatives and expressed enthusiasm for achieving this goal in collaboration with Shutterstock.
Collis Ta’eed, former CEO and co-founder of Envato, expressed gratitude to the community for contributing to the company’s success, expressing confidence in Shutterstock’s dedication to innovation and creativity.
