Fotolia Invests in AudioMicro

Logo fotolia Pictures, Images and Photos

Today marks a major milestone in AudioMicro’s history.

 

AudioMicro has taken on an investment from Fotolia, the leading micro stock photo library in Europe and the # 2 / # 3 player in the world.   Fotolia, which is backed by private equity firm TA Associates, also owns Flixtime.com, a movie maker site that turns photos into videos, and Photoxpress.com, a subscription stock photo service.  Full details on the investment can be found in the press release below.

 

In collaboration with Fotolia, we will incubate and launch new web projects, as well as cross promote our products and services. At the end of this month, we plan to launch 4 new websites, each targeting a specific new content licensing vertical.

 

We’ve been working hard behind the scenes on these new sites for many months now.  Stay tuned for a launch announcement on the 4 new sites!

 

We hope that 2011 is your best year ever.

 

–The AudioMicro Team
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AudioMicro Receives Fotolia Investment

AudioMicro and Fotolia To Partner in Content Licensing Ventures

LOS ANGELES, Feb. 1, 2011 – AudioMicro, which offers the world’s largest collection of user-generated royalty free music and sound effects, announced today that it has received an equity investment from Fotolia, Europe’s leading micro stock photo site.  Existing investor DFJ Frontier, a West Coast seed and early-stage investor, also participated in the financing.  In connection with the financing, Oleg Tscheltzoff, co-founder and chief executive officer of Fotolia, has joined AudioMicro’s board of directors.

Fotolia and AudioMicro intend to collaborate on new projects, each targeting a different content vertical.  They intend to launch four of these projects by the end of next month.  Fotolia, which is backed by TA Associates, also owns Flixtime.com, a site that turns photos into videos, and Photoxpress.com, a subscription photo service.

“AudioMicro is a leader in crowd-sourced stock music and sound effects,” said Tscheltzoff.  “We’re pleased to partner with them to accelerate their business.”

“Fotolia’s investment and partnership is a great endorsement of our vision, and recognition of the traction we’ve gained,” said Ryan Born, founder and chief executive officer, AudioMicro.  “We’re delighted to work with the Fotolia team.”

About AudioMicro

An industry pioneer in licensing music and sound effects through credit-based and subscription packages, AudioMicro acts as a discovery and distribution platform for stock audio content.  Its collection of royalty free music, stock music, sound effects, and free sound effects includes over 225,000 tracks of both crowd-sourced and premium, record label-owned content.  AudioMicro also operates the Audioo voicemail sharing service.  The company is venture-backed by DFJ Frontier.  For more information, visit AudioMicro.com.

About Fotolia

Over 2 million people prefer Fotolia for affordable, royalty-free images, graphics and HD videos. With the introduction of the Infinite Collection, Fotolia became the first worldwide microstock organization to offer both crowd-sourced and professional images on one site. Founded in New York City in 2004, Fotolia spans the globe with websites in 12 languages and offices in 14 countries. With over 12,000,000 files to choose from, find it on Fotolia. www.fotolia.com

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Media Contact:

Brian Danella

Prequent, Inc. (for AudioMicro, Inc.)

+1 (408) 275-6455 office

+1 (650) 743-6606 mobile

brian[at]prequent.com

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