SAN MATEO, CA, July 21, 2016 — Webdam, a Shutterstock company and a leader in digital asset management, today announced that its products will be available in 11 languages, and it has expanded its global support locations, ensuring its customers have the tools they need to manage their creative operations globally.
In addition to US English, Webdam is now available in German, Spanish, French, Italian, Portuguese, UK English and Dutch. Webdam will further expand its available languages to include Chinese, Japanese and Korean next month. Webdam offers more language options than any other cloud-based digital asset management system to its international customer base.
In addition to broader language support, Webdam has also expanded its international customer service operations to Berlin and London, complementing existing support centers located in San Francisco and New York City. These strategic locations offer global Webdam customers access to 24/7 expertise and customer support.
“Global brands need to operate without any barriers or boundaries,” said Webdam CEO, Jody Vandergriff. “These enhancements to our platform ensure that Webdam is available in the native language of almost all of our customers and support is available around the clock and around the globe.”
By expanding local language capabilities to reach large market opportunities in Europe and Asia, Webdam is positioned to take advantage of the global reach of its parent company, Shutterstock, which generates approximately 70% of its revenue from customers outside of the US.
Webdam recently made major infrastructure updates to support its global expansion by adding data centers in Europe and Asia, enhancing its products’ performance in these regions.
Webdam, a Shutterstock company, is a leader in digital asset management, changing the way marketing and creative teams manage the world’s brands. Founded in 2005, Webdam’s cloud-based platform powers the visual content that drives impactful brand experiences, and allows brand-building activities to scale across the enterprise and consumer touchpoints. For more information, please visit Webdam.com, and follow Webdam on Twitter or Facebook.
Shutterstock, Inc. (NYSE: SSTK), is a leading global provider of high-quality licensed photographs, vectors, illustrations, videos and music to businesses, marketing agencies and media organizations around the world. Working with its growing community of over 100,000 contributors, Shutterstock adds hundreds of thousands of images each week, and currently has more than 90 million images and 4 million video clips available.
Headquartered in New York City, with offices in Amsterdam, Berlin, Chicago, Dallas, Denver, London, Los Angeles, Montreal, Paris, San Francisco and Silicon Valley, Shutterstock has customers in more than 150 countries. The company also owns Bigstock, a value-oriented stock media agency; Offset, a high-end image collection; PremiumBeat, a curated royalty-free music library; Rex Features, a premier source of editorial images for the world’s media; and Webdam, a cloud-based digital asset management service for businesses.
Safe Harbor Provision
Statements in this press release regarding management’s future expectations, predictions, beliefs, goals, intentions, plans, prospects or strategies, including statements regarding Webdam’s expansion of its available languages, may constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including risks related to any unforeseen changes to or the effects on liabilities, financial condition, future capital expenditures, revenue, expenses, net income or loss, synergies and future prospects; our inability to continue to attract and retain customers and contributors to our online marketplace for commercial digital imagery and music; a decrease in repeat customer purchases or in content contributed to our online marketplace; our inability to successfully operate in a new and rapidly changing market and to evaluate our future prospects; competitive factors; assertions by third parties of infringement or other violations of intellectual property rights by Shutterstock; our inability to increase market awareness of Shutterstock and our services; our inability to effectively manage our growth: failure to respond to technological changes or upgrade Shutterstock’s website and technology systems; Shutterstock’s inability to increase the percentage of its revenues that come from larger companies; our inability to continue expansion into international markets and the additional risks associated with operating internationally, including fluctuations in currency exchange rates; general economic conditions worldwide; our ability to successfully integrate acquisitions and the associated technology and achieve operational efficiencies; and other factors and risks discussed under the heading “Risk Factors” in our most recent Annual Report on Form 10-K, as well as in other documents that may be filed by Shutterstock from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, Shutterstock’s actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. Shutterstock is providing the information in this press release as of this date and assumes no obligation to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
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