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New Orleans technology company TurboSquid bought by Shutterstock for $ 75 million | Business news
Shutterstock, a publicly traded company with a current market value of approximately $ 2.7 billion, is an online marketplace for digital assets such as photos, film and other visual images. General Electric Co. said it will close its technology center in New Orleans and lay off all 100 employees in its Place St. Charles office, deali … The acquisition of TurboSquid, which has approximately 40 employees in New Orleans and a similar number in other locations worldwide, gives Shutterstock a greater presence in the digital imagery markets that are growing faster than traditional photos and vid...
Source: compsmag.com
New Orleans tech company TurboSquid bought by Shutterstock for $75M [The Times-Picayune
New Orleans tech company TurboSquid bought by Shutterstock for $75M [The Times-Picayune | The New Orleans Advocate] Jan. 26—TurboSquid, an online marketplace for 3D digital models and one of New Orleans’ most prominent homegrown technology firms, was sold Tuesday to New York-based Shutterstock for $75 million. Started by New Orleans natives Matt and Andy Wisdom in 2000, TurboSquid grew out of a separate digital imaging company that designed trees, cars, and other digital creations used by video game makers to populate the backgrounds of digital worlds. It grew to become the world’s larg...
Source: dailyrepublic.com