Feeds

Moonpig gobbled by PhotoBox

Dotcom veteran emblobbed by fellow remote-printer biz

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

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. ®

Build a business case: developing custom apps

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.