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: 2012 movie massacre hung over 'Interview' decision

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

2012 movie massacre hung over 'Interview' decision

3 hours ago

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

Clooney slams skittish Hollywood after Sony hack

9 hours ago

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

Atos shares soar after Xerox acquisition

12 hours ago

Shares in French tech firm Atos soared nearly five percent on Friday as traders cheered the news it had bought the IT wing of Xerox for more than $1 billion.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.