Shutterstock expands to Europe with German office

Oct 29, 2013

Internet stock photo service Shutterstock is expanding to Europe by opening a sales and development office in Berlin.

The new site that opened Tuesday in the German capital is Shutterstock's first full-fledged office outside the United States. It already has a sales outpost in London.

The New York-based company does more than two-thirds of its business outside the U.S., with Germany the biggest market in Europe.

Shutterstock CEO Jon Oringer says the move to Berlin was partly aimed at taking advantage of the "tech talent" in the city.

Berlin has grown into one of Europe's hottest places for technology start-ups, drawing young programmers and entrepreneurs from all over the continent because of its relatively low cost of living.

Explore further: SAP profits up 23 percent as cloud computing grows

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Berlin startup scene gets nod from Google (Update)

Nov 13, 2012

Berlin's budding Internet entrepreneurs received the closest thing to an industry endorsement Tuesday, with a €1 million ($1.3 million) investment from Google Inc. for a new 'hub' where startups can work, ...

Lenovo sees PC market growth in hybrid models (Update)

Sep 05, 2013

(AP)—Lenovo is hoping hybrid computers—which can turn from laptops into tablets with a flip of the lid—will spur growth in the ailing PC market and win back consumers who are attracted by sleek, lightweight ...

SAP profits up 23 percent as cloud computing grows

Oct 21, 2013

Business management software company SAP AG says net profit rose 23 percent in the third quarter as its cloud computing business grew rapidly and the company kept down costs by holding down hiring of new employees.

Recommended for you

Alibaba surges in Wall Street debut

3 hours ago

A buying frenzy sent Alibaba shares sharply higher Friday as the Chinese online giant made its historic Wall Street trading debut.

Alibaba makes Wall Street debut

8 hours ago

Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.

Alibaba IPO to boost employee fortunes to $8 bn

11 hours ago

Employees of Chinese e-commerce giant Alibaba will see their fortunes swell to nearly $8 billion as the company prepares a massive US stock offering that could be valued at $25 billion.

Alibaba mega IPO caps founder Jack Ma success tale

14 hours ago

When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was ...

User comments : 0