On November 11, 2020, Shutterstock, Inc., a leading global technology company offering a creative platform for high-quality content, tools, and services, announced the acquisition of certain assets from Amper Music. Amper Music is a leading AI-driven music platform that enables users to create and customize original music by leveraging over one million individual audio samples recorded by musicians on thousands of unique instruments. Terms of the transaction were not disclosed. Wilson Sonsini Goodrich & Rosati represented Shutterstock in the transaction.
Shutterstock's acquisition of Amper strengthens its capabilities in artificial intelligence, particularly in content search and discovery of tracks composed by Shutterstock's community of artists, as well as editing tools for Shutterstock users. As part of the transaction, Amper's employees will join the Shutterstock team to boost Shutterstock’s focus on enhancing customer experiences through AI-supported functionalities and tools. The acquisition will augment Shutterstock's R&D efforts to bring valuable new innovations that enable faster and simpler content production for prosumers, businesses, and professional content creators.
The Wilson Sonsini team that represented Shutterstock in the transaction includes:
Corporate
Megan Baier
Catherine Riley Tzipori
Sarah Won
Technology Transactions
John McGaraghan
Barath Chari
Ben Hawkins
Intellectual Property
Peter Eng
Amie Forsberg
Employment
Neil Gulyako
Employee Benefits & Compensation
Sriram Krishnamurthy
Matt Norgard
Data Privacy
Matt Staples
Daniel Chen
For more information, please see Shutterstock’s press release.