123RF: Difference between revisions
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'''123rf''' (part of Inmagine Group) is a stock content agency founded in 2005 which sells royalty-free images. In the past few years, 123RF expanded the portfolio to serve the growing market of the web-based content industry. In addition to over |
'''123rf''' (part of Inmagine Group) is a stock content agency founded in 2005 which sells royalty-free images. In the past few years, 123RF expanded the portfolio to serve the growing market of the web-based content industry. In addition to over 90 million images in its library, the company also has a large collection of vector graphics, icons, fonts, video and audio files. The marketing is mainly carried out by about 350 employees from 40 offices around the world.<ref>{{cite web|url=http://www.vcnewsnetwork.com/malaysian-stock-photo-startup-123rf-acquires-thehungryjpeg-with-plans-to-go-ipo/ |title= Malaysian stock photo startup 123RF acquires TheHungryJPEG with plans to go IPO |publisher= VC News Network}}</ref> |
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== History == |
== History == |
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In 2000, the founder, Andy Sitt had just quit his job at a British company that sold stock images in CDs while showing customers printed catalogues. Andy returned to his homeland, Malaysia and launched his e-commerce business by setting up Inmagine, which sold premium large-format photo prints. |
In 2000, the founder, Andy Sitt, had just quit his job at a British company that sold stock images in CDs while showing customers printed catalogues. Andy returned to his homeland, Malaysia and launched his e-commerce business by setting up Inmagine, which sold premium large-format photo prints. Together with Stephanie Sitt as a cofounder and current CEO<ref>{{Cite news|url=https://vulcanpost.com/623351/123rf-stephanie-sitt-inmagine-group-startup/|title=5 Of The Most Common Startup Pain Points—Solved By This M'sian Startup Worth US$220 Mil|last=Tan|first=Tee May|date=2017-10-11|work=Vulcan Post|access-date=2017-11-19|language=en-US}}</ref>, Inmagine Group is one of the few technology companies to have bootstrapped globally. |
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Inmagine also produced proprietary content which required in-house photographers, graphic designers, make up artists and a sales team to cater to demand. In 2005, Inmagine set up 123RF, which offers royalty-free stock images, videos, as well as audio clips, from just US$1 to US$3 apiece. Unlike the previous business model, 123RF allows photographers around the world to sell their work on the platform on a royalty-free model.<ref>{{cite web|url= https://www.techinasia.com/malaysian-husband-wife-bootstrapped-worlds-top-stock-image-players|title=How Malaysian husband and wife bootstrapped one of the world’s top stock image players|publisher= Tech in Asia}}</ref> |
Inmagine also produced proprietary content which required in-house photographers, graphic designers, make up artists and a sales team to cater to demand. In 2005, Inmagine set up 123RF, which offers royalty-free stock images, videos, as well as audio clips, from just US$1 to US$3 apiece. Unlike the previous business model, 123RF allows photographers around the world to sell their work on the platform on a royalty-free model.<ref>{{cite web|url= https://www.techinasia.com/malaysian-husband-wife-bootstrapped-worlds-top-stock-image-players|title=How Malaysian husband and wife bootstrapped one of the world’s top stock image players|publisher= Tech in Asia}}</ref> |
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Subsequently, Inmagine Group has expanded by building new businesses such as Stockunlimited.com, Designs.net and have also acquired TheHungryJPEG.com, Craftbundles.com and |
Subsequently, Inmagine Group has expanded by building new businesses such as Stockunlimited.com, Designs.net and have also acquired TheHungryJPEG.com, Craftbundles.com, Pixlr.com, Vectr.com and Storyandheart.com. |
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== Acquisitions == |
== Acquisitions == |
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In April 2017, 123rf has acquired [[Pixlr]] , an online web-based image editor from [[Autodesk]] for an undisclosed sum.<ref>{{cite web|url=https://e27.co/123rf-acquires-pixlr-looking-secure-50m-monthly-active-users-20170425/ | title= 123RF acquires Pixlr, looking towards securing 50M monthly active users |publisher= e27 }}</ref> |
In April 2017, 123rf has acquired [[Pixlr]] , an online web-based image editor from [[Autodesk]] for an undisclosed sum.<ref>{{cite web|url=https://e27.co/123rf-acquires-pixlr-looking-secure-50m-monthly-active-users-20170425/ | title= 123RF acquires Pixlr, looking towards securing 50M monthly active users |publisher= e27 }}</ref> |
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In November 2017, 123RF has acquired Vectr, a web-based vector editor and Story & Heart, a video education platform<ref>{{Cite web|url=https://www.dealstreetasia.com/stories/malaysia-inmagine-buys-us-companies-86336/|title=Malaysia: Digital stock media firm Inmagine Group buys two US companies|website=www.dealstreetasia.com|access-date=2017-11-19}}</ref>. |
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== References == |
== References == |
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Revision as of 09:20, 19 November 2017
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 | The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations. (August 2017) |
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| Industry | Stock photography, stock footage , stock music |
|---|---|
| Founded | 2005 |
| Fate | Active |
| Headquarters | , |
Number of employees | 350 |
| Parent | Inmagine Group |
| Website | 123rf |
123rf (part of Inmagine Group) is a stock content agency founded in 2005 which sells royalty-free images. In the past few years, 123RF expanded the portfolio to serve the growing market of the web-based content industry. In addition to over 90 million images in its library, the company also has a large collection of vector graphics, icons, fonts, video and audio files. The marketing is mainly carried out by about 350 employees from 40 offices around the world.[1]
History
In 2000, the founder, Andy Sitt, had just quit his job at a British company that sold stock images in CDs while showing customers printed catalogues. Andy returned to his homeland, Malaysia and launched his e-commerce business by setting up Inmagine, which sold premium large-format photo prints. Together with Stephanie Sitt as a cofounder and current CEO[2], Inmagine Group is one of the few technology companies to have bootstrapped globally.
Inmagine also produced proprietary content which required in-house photographers, graphic designers, make up artists and a sales team to cater to demand. In 2005, Inmagine set up 123RF, which offers royalty-free stock images, videos, as well as audio clips, from just US$1 to US$3 apiece. Unlike the previous business model, 123RF allows photographers around the world to sell their work on the platform on a royalty-free model.[3]
Subsequently, Inmagine Group has expanded by building new businesses such as Stockunlimited.com, Designs.net and have also acquired TheHungryJPEG.com, Craftbundles.com, Pixlr.com, Vectr.com and Storyandheart.com.
Acquisitions
In March 2017, 123rf has acquired TheHungry.JPEG, a UK-registered font and graphics marketplace for an undisclosed sum.[4][5]
In April 2017, 123rf has acquired Pixlr , an online web-based image editor from Autodesk for an undisclosed sum.[6]
In November 2017, 123RF has acquired Vectr, a web-based vector editor and Story & Heart, a video education platform[7].
References
- ^ "Malaysian stock photo startup 123RF acquires TheHungryJPEG with plans to go IPO". VC News Network.
- ^ Tan, Tee May (2017-10-11). "5 Of The Most Common Startup Pain Points—Solved By This M'sian Startup Worth US$220 Mil". Vulcan Post. Retrieved 2017-11-19.
- ^ "How Malaysian husband and wife bootstrapped one of the world's top stock image players". Tech in Asia.
- ^ "Malaysian stock photo startup 123RF acquires TheHungry.JPEG to grow design resources globally". e27..
- ^ "123RF acquires design marketplace TheHungryJPEG". www.dealstreetasia.com. Retrieved 2017-08-03.
- ^ "123RF acquires Pixlr, looking towards securing 50M monthly active users". e27.
- ^ "Malaysia: Digital stock media firm Inmagine Group buys two US companies". www.dealstreetasia.com. Retrieved 2017-11-19.