Snapfish

Snapfish is a web-based photo sharing and photo printing service owned by Shutterfly. Snapfish is based in San Francisco, California.

History 
Snapfish was launched in 1999 by business partners Rajil Kapoor, Bala Parthasarathy, Suneet Wadhwa, and Shripati Acharya. Ben Nelson joined soon thereafter as corporate development operations lead, to become CFO and later president. Jasbir Patel is now the president and CEO of snapfish.

On October 30, 2001 Snapfish was acquired by District Photo for an undisclosed amount.

In 2005, Snapfish was bought by Hewlett-Packard. While HP did not disclose the acquisition sum, a Merrill Lynch report estimated that HP may have paid between $300 million and $400 million for Snapfish, while Snapfish’s revenue was less than $100 million. Snapfish co-founder Raj Kapoor confirmed in a 2011 interview that the acquisition price was $300 million.

In 2004, Snapfish opened a physical retail concept store in Alexandria, Virginia, but later closed it.

In August 2013, Snapfish announced on their local websites (and through a mailing to members) that they were shutting down the service in Belgium, India, the Netherlands and Spain.

In April 2015, HP reached an agreement to sell Snapfish back to District Photo. Under the terms of the sale, HP allowed the company to continue to use its printing services.

During a website conversion in 2016 Snapfish had a data loss while converting to their new web system. Photos prior to January 2014 were unable to be migrated to the new website system. Snapfish said that although some photo albums were recovered, others will remain empty. Typically Snapfish has three versions of images: high resolution, low resolution, and printable images. Both the high resolution and low resolution were lost and the backup files for the printable images were not recoverable.

On September 28, 2018 it was announced that Snapfish would acquire CafePress for more than $25 Million. The acquisition of CafePress was completed on November 9, 2018.

On June 10, 2019, Apollo Global Management announced that it would acquire both Snapfish and its rival Shutterfly in separate deals valued at around $3 billion in total. The two companies will be merged into a single entity, with Snapfish parent company District Photo as a minority stakeholder. The merger of Shutterfly and Snapfish was completed on January 8, 2020.

See also 
 Snapfish Lab, a service of HP Labs

References

External links 
 

Category:Image sharing websites
Category:American companies established in 1999
Category:Companies based in San Francisco
Category:American photography websites
Category:Internet properties established in 1999
Category:Online companies of the United States
Category:Hewlett-Packard acquisitions
Category:2001 mergers and acquisitions
Category:2005 mergers and acquisitions
Category:2015 mergers and acquisitions
Category:2020 mergers and acquisitions