Digibug Engages iMerge Advisors to Explore Strategic Alternatives
Boston, MA, November 15, 2007 --(PR.com)-- Digibug Express, Inc. (www.digibug.com), a leading provider of online photo commerce and hosting technologies, has engaged Internet mergers and acquisitions specialists iMerge Advisors to assist it in exploring strategic alternatives to maximize shareholder value.
"As we continue to grow our customer and technology base, we are looking for a strategic partner that can leverage our solutions for photo commerce and hosting for consumer and professional/event photographers," said John Treadway, co-founder of Digibug. "Our success with customers such as Lycos, Photosite and one of the leading direct selling scrapbooking companies has proven our capabilities and technologies. We believe that the right partner will help Digibug to grow and prosper in ways that would be easier to achieve than as an independent company."
Online digital photography continues to grow and expand into new markets. As image hosting becomes a standard feature of a wide range of consumer and business sites – such as social networks, news portals, and more – the opportunity to enable print and gift sales in a way that generates profits for site operators and their members is exploding. Digibug's API-driven commerce platform has enabled hundreds of web sites to sell and profit from the images they host.
"Digibug is a unique Internet business in the rapidly expanding digital photography vertical with a solid reputation, great customers, and significant potential for growth," said Ross Whittaker, managing director of iMerge Advisors. "Early interest has been strong and we are confident that we can successfully market their business to appropriate buyers."
About Digibug
Digibug is a leading provider of customized online photo solutions. Headquartered in Waltham, MA, Digibug has nearly 2,500 registered online photo site operators and pro photographers. For more information, please visit www.digibug.com
About iMerge Advisors
Founded in 2001 iMerge Advisors, Inc. is North America's first mergers & acquisitions firm providing consulting and advisory services to small- to mid-market Internet businesses. For more information, please visit www.imergeadvisors.com
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"As we continue to grow our customer and technology base, we are looking for a strategic partner that can leverage our solutions for photo commerce and hosting for consumer and professional/event photographers," said John Treadway, co-founder of Digibug. "Our success with customers such as Lycos, Photosite and one of the leading direct selling scrapbooking companies has proven our capabilities and technologies. We believe that the right partner will help Digibug to grow and prosper in ways that would be easier to achieve than as an independent company."
Online digital photography continues to grow and expand into new markets. As image hosting becomes a standard feature of a wide range of consumer and business sites – such as social networks, news portals, and more – the opportunity to enable print and gift sales in a way that generates profits for site operators and their members is exploding. Digibug's API-driven commerce platform has enabled hundreds of web sites to sell and profit from the images they host.
"Digibug is a unique Internet business in the rapidly expanding digital photography vertical with a solid reputation, great customers, and significant potential for growth," said Ross Whittaker, managing director of iMerge Advisors. "Early interest has been strong and we are confident that we can successfully market their business to appropriate buyers."
About Digibug
Digibug is a leading provider of customized online photo solutions. Headquartered in Waltham, MA, Digibug has nearly 2,500 registered online photo site operators and pro photographers. For more information, please visit www.digibug.com
About iMerge Advisors
Founded in 2001 iMerge Advisors, Inc. is North America's first mergers & acquisitions firm providing consulting and advisory services to small- to mid-market Internet businesses. For more information, please visit www.imergeadvisors.com
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Contact
iMerge Advisors, Inc.
Ross Whittaker
888-882-4324
www.imergeadvisors.com
Ross Whittaker
888-882-4324
www.imergeadvisors.com
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