Hong Kong, (08/03, 2017), - Inmagine Group, the stock image and assets group that owns major digital platforms such as 123RF, Inmagine.com, Designs.net and StockUnlimited, has announced the acquisition of TheHungryJPEG (THJ) for an undisclosed sum. This is consistent with the overall strategy of Inmagine Group to build one of the top creative ecosystems in the world.
Founded in 2015, TheHungryJPEG.com has grown to become one of the top five online design marketplaces in the world, with over 50,000 products on offer and 300,000 active users.
Providing a range of complementary and extended graphics services, UK-registered THJ will support Inmagine Group's continued growth plans and accelerate entry into new and adjacent markets. Both companies share similar DNA given the 100% bootstrapped nature and the focus on community-building.
This acquisition allows Inmagine Group to leverage significant cross-selling opportunities, widen its value add to its clients to cover fonts and graphic bundles while increasing their understanding on what sells well amongst designers.
Inmagine group's in-house production team of over 200 employees will work directly on content to be marketed on THJ with the goal of expanding its library even further. In addition, the best practices and community-centric culture of THJ will also be implemented across the rest of Inmagine Group's assets.
"It's a win-win for both Inmagine Group and THJ as it leverages on our extensive global network and capability to serve clients who want to market their products and services to millions users around the world." said Warren Leow, Vice President at Inmagine Group.
ABOUT INMAGINE GROUP
Hong Kong registered Inmagine Group has over 450 staff in 40 offices around the globe. It was founded in 2000 as Inmagine.com and, despite being fully bootstrapped, it has quickly expanded its reach with sites like 123RF.com, StockUnlimited.com and Designs.net. To date, 123RF stands as the world's 4th largest stock image business, drawing 16,000,000 to 18,000,000 visitors a month to its 72,000,000 strong stock content library.
THJ ranks in the top five marketplaces in the world for fonts, graphics and creative bundles with more than 50,000 products and 300,000 users. It was originally founded in 2014 as a website to help designers and crafters, whether newbies, seasoned graphic design ninjas or amateurs, but then converted into a full fledged community driven marketplace in July 2015.
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