Shutterstock, an online marketplace for digital images, has entered into a definitive agreement to acquire WebDAM, a provider of Web-based digital asset management software. Financial terms of the transaction were not disclosed.
WebDAM provides online tools for managing, searching, distributing, and collaborating on digital assets in the cloud, including images, videos, creative files, documents and presentations. The company currently has 25 employees and is headquartered in San Mateo, California.
[Image courtesy: Shutterstock]