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Shutterfly scoops up Tiny Pictures

Internet-based social expression and personal publishing service Shutterfly announced its acquisition of image and video sharing firm Tiny Pictures. Financial details were not disclosed, but according to TechCrunch, Shutterfly picked up Tiny Pictures for $1.3 million in cash and another $1.3 million in restricted stock to employees–in the four years following its 2005 formation, Tiny Pictures raised a total of $11.2 million from investors including Draper Fisher Jurvetson and Mohr Davidow Ventures. Tiny Pictures founder and CEO John Poisson and his team will join Shutterfly–Tiny’s cameraphone photo and video sharing service Radar will extend Shutterfly’s reach into the mobile and social networking environments.

For more on the Shutterfly/Tiny Pictures deal:
- read this release

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