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: Lenovo sees PC market growth in hybrid models (Update)

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

Nigeria launches national identity card scheme

7 hours ago

Nigeria's President Goodluck Jonathan on Thursday launched a national electronic identity card scheme, which backers said would boost access to financial and government services in Africa's most populous nation.

Vivendi, Telefonica in talks over Brazil business (Update)

18 hours ago

French media conglomerate Vivendi said Thursday it would begin exclusive talks with Spanish telecoms company Telefonica for the sale of its Brazilian operator Global Village Telecom, or GVT, after the Spanish company raised ...

User comments : 0