Shutterfly Signs Agreement to Acquire Spoonflower

Schneider adds: “The Research Triangle Park (RTP) area — the tech hub encompassing Raleigh, Durham, and Chapel Hill, NC — is also home to a talented workforce and an entrepreneurial culture. We are excited to have a growth hub in RTP for further expansion across Shutterfly.”

With 3.3 million unique creatives and 4,000 new designs uploaded on average per day, this acquisition also builds upon strong tailwinds for the creative economy, a $2.25 trillion industry. According to Coresight Research, makers are a fast-growing segment driven by the massive increase of creative professionals using online platforms to market and sell unique designs across a variety of products.