Envato expands stock photo offering with Twenty20 acquisition
Envato has solidified its place as one of the key players in the stock photography market with the acquisition of stock photo subscription service Twenty20.
The Los Angeles-based company boasts more than 350,000 creative contributors to its library of more than 45 million authentic, crowd-sourced photos, and has counted Google, Hulu, Lyft and Vice as among its clients.
The purchase also includes the free stock photo offering Reshot. It’s Envato’s second North American acquisition following the arrival of Guadalajara-based Placeit in 2018.
“Photos are one of our most popular categories of creative content. Over half of all our subscribers download and use images every month, and Twenty20 is a terrific opportunity to strengthen that offering with a library of beautiful, authentic photography” said Collis Ta’eed, co-founder and CEO of Envato.
“Along with all the images, adding Twenty20 to the Envato ecosystem also introduces a really strong curation and collection system, that will help us get on-trend and on-topic creative content to our customers faster than ever.”
Twenty20 co-founder and CEO Matt Munson added, “Envato is an incredible home for our photographers, customers and team. Envato’s large customer base and designer-led product strategy will mean greater reach and better tools for our creatives on both sides of the marketplace. Envato’s human-centric, remote-friendly culture was also a great fit for our unique team. We’re excited to help supercharge Envato’s already powerful offering with our talented community and mobile-first DNA!”
“Envato Elements is fast becoming the number one unlimited creative subscription, and putting Twenty20 into the mix is like throwing a bucket of jet fuel on the fire, we couldn’t be more thrilled,” concluded Collis.
The Twenty20 team will continue to be based in their current Los Angeles headquarters, joining the Envato USA Inc subsidiary of Envato, and is actively hiring engineers and designers.
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Location: Headquarters in Melbourne, Australia. Team located around the world.
What Is Envato?
Founded in 2006, Envato is the world’s leading community for creative assets and creative people.
A community of more than eight million people worldwide buy and sell creative assets on Envato Market with total community earnings exceeding $500 million. Millions of students have taken video courses and free tutorials on the Envato Tuts+ education network and Envato Studio connects people with hand picked freelancers to complete their creative projects. Envato Elements is a subscription service with thousands of ready-to-use graphic templates, fonts and assets available for unlimited download.