Acquires
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Excite@Home Further Strengthens Photo Initiative with Acquisition of Worldprints.com
Continuing its photo initiative momentum, Excite@Home also announced today that it has acquired Worldprints.com. Providing consumers with a comprehensive photo destination, Excite@Home's photo offering enables expert and novice computer users to learn about digital photography, gather personal and commercial images from a variety of sources and share digital photos with others via the Internet. "Our goal with Webshots and Worldprints.com is dual: to bring consumers more photo images online, and to extend the Excite@Home consumer experience beyond the portal and onto the desktop," said Eric Jorgensen, Vice President and General Manager of Communities and Photos for Excite@Home. "Excite@Home will continue to grow its photo offerings so Excite@Home users can browse and share stock and their own photography images both on and offline." According to a recent InfoTrends Research Group study, members of online photo album sites will share photos with nearly 100 million viewers this year. Excite@Home intends to capitalize on this trend and market demand for digital photography applications by providing the best online tools to store and share digital photos and host one of the largest libraries for screen saver images. Webshots and Worldprints.com will play a central role in Excite@Home's photo offerings for both its narrowband and broadband services. "The online photo opportunity is huge and is a perfectly suited application for high-speed, media-rich, service via @Home's broadband connection," continued Jorgensen. "Consumers are using digital cameras and imaging applications more than ever. Excite@Home is responding to their needs by providing a central location equipped with all the online tools to share and easily display photos. With broadband our users of our photo offering can easily enjoy faster download times for images as well as richer media content that is always on and ready to be viewed." About Excite@Home |
Excite@Home Acquires Boulder, Colo., Online Art Prints Company
By Christine L. Romero, Daily Camera, Boulder, Colo.
Knight Ridder/Tribune Business News
Apr. 15--Worldprints.com snagged about $80 million in a cash-and-stock
buyout by Excite@Home, according to a statement filed with the U.S.
Securities Exchange Commission this week.
The 2-year-old company sells posters and offers free images for
screensavers and desktops from scenic landscapes to photos of John Lennon to
photographs of skiers.
This is not the first time Excite@Home has bought a Boulder County
Internet-based firm with few sales. Late last year, the Redwood City, Calif.
Internet mammoth bought Boulder-based BlueMountain.com, a provider of
free electronic greeting cards, for nearly $1 billion.
"People love this," said Excite spokeswoman Leigh Dally, from her
California office. "It's a great way to build community. It's a great way
for people to personalize their desktops."
Worldprints.com's executives declined comment Friday.
The company offers about 15,000 free images that can be downloaded and
displayed in a screen saver or as a desktop decoration. Late last year,
Worldprints.com had 3 million unique visitors each month and about 30
million page views. The company also has a service that gives users free regular
updates of new images in exchange for some personal information and an
e-mail address.
The company got its start when two brothers started selling posters
from a garage. However, now they aren't the only ones who will benefit from the
Excite buyout. Venture firm Barrett Capital Ltd., with 35.3 percent ownership, and a
handful of other investors will reap the profits.
Worldprints.com hasn't been shy about making public comparisons of
itself to Bluemountain.com. Executives have said they were building a
following of regular users.
For Excite, the Worldprints.com buyout will help round out its
offerings digital photography and consumer images, Dally said.
Worldprints.com will piggyback onto Excite's other Web site with free
images, Webshots.com, which Excite also acquired. Dally said Webshots.com is
the Web's most popular photo site.
"We are very aggressive in pulling the best of the Web together," Dally
said. "We are trying to pull together the best to enable us to build our
digital photo experience for our users."
Dally said Excite is still deciding how Worldprints.com's e-commerce
offerings will fit in with her company's plan.
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