Envato co-founders Cyan and Collis Ta'eed. Source: SmartCompany.
Melbourne-born graphic design marketplace Envato will be acquired by Shutterstock in a deal worth $372 million, marking one of the most significant exits for a local scale-up to date.
Envato, founded by husband-and-wife duo Collis and Cyan Ta’eed, and their friend Jun Rung in 2006, on Friday announced its planned sale to the American stock image and editing platform.
In a statement, Collis Ta’eed, who formally stepped down as CEO in 2020, said the sale proves the value and dynamism of Australia’s tech ecosystem.
“Over the years, we’ve been privileged to grow with this passionate community of creatives who have shown us the possibilities that arise at the intersection of technology and creativity,” he said.
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