Feeds

Moonpig gobbled by PhotoBox

Dotcom veteran emblobbed by fellow remote-printer biz

Secure remote control for conventional and virtual desktops

Online greeting card maker Moonpig.com is merging with photo printer PhotoBox.

The deal values Moonpig at £120m. Its shareholders will see their stakes rolled over to the new group holding. Equity will be raised from existing shareholders and private investment from Insight Ventures, Quilvest Ventures and Greenspring Associates.

PhotoBox dealt with 1 million individual prints a day in 2010. It sent out 100,000 canvas prints and 1 million photobooks. It turned over £72m.

Moonpig turned over £38m for the year ended April 2011. It sent out 38 million cards on behalf of almost three million punters. The company believes the UK card market is worth about £1bn, and only four per cent of this is currently fulfilled online.

Senior executives from both companies stay on board – Stan Laurent is group president and CEO, Iain Martin is Moonpig's MD and its founder Nick Jenkins will be special advisor to the group's board.

The company was founded in 2000 and the brand taken from Jenkins' nickname at school. ®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.