Bynder Acquires Webdam for $49.1M, Cochrane Now SAP Hybris CMO, More News

Bynder Acquires Webdam for $49.1M, Cochrane Now SAP Hybris CMO, More News

PHOTO: Robert Couse-Baker

Bynder, an Amsterdam-based digital asset management (DAM) provider, has entered into a definitive agreement to acquire the Webdam digital asset management solution from Shutterstock in a deal worth $49.1 million. 

Shutterstock acquired Webdam in 2014. This new deal will bring together two significant players in the digital asset space. In a blog post announcing the deal, officials stated the acquisition features investments in artificial intelligence and integrations and promised no immediate impact for customers of either service. The acquisition, they said, gives Bynder the addition of an office in the San…

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