Depositphotos, the fastest growing stock photo agency in the world, announced a significant investment contract with TMT Investments
Based in Florida (USA), Depositphotos was founded in 2009, and soon established itself as a cost-effective alternative for the acquisition of high-quality stock photo images. It proved itself as a first stock photo agency to offer bonus payments without hidden withdrawal conditions for every single image photographers uploaded for sale. Continued improvements of Depositphotos’ service together with a successful marketing strategy contributed to the most significant growth in the microstock industry. During the last year the company website traffic increased tenfold and reached 1.8 million visitors per month. The number of images offered by the company exceeded 4 million.
TMT Investments has committed to an investment of up to 3 million dollars (US) in the next year.
“When negotiations began, Depositphotos was just a speculative project. Now, it is a resource on equal footing with its competitors. Investment capital will be directed at incorporating new features, improving the quality and functionality of the service, and increasing the company’s market share. We’re engaged in a serious business and intend to perform serious work,” says Igor Kalyuzhny, Head of Depositphotos’ departments in Eastern and Western Europe.
“This investment provides TMT with exposure to a fast-growing photobank industry, and TMT believes that DepositPhotos is well placed to become one of the leading photobanks in its segment,” according to the TMT press release.
About Depositphotos Inc.
Depositphotos is the fastest growing stock photo agency in the world. Presently it offers over 4 million stock photographs and vector images sold under royalty-free licenses. The stock photo library is increased daily by thousands of images, carefully checked and selected by moderators. The company is headquartered in Florida, USA, and has business offices in Germany, Great Britain and Russia.
About TMT Investments PLC.
TMT Investments was founded in 2010 for investment activity in media and telecommunications. TMT Investments is focused primarily on companies working in markets that according to the board of directors’ opinion have large growth potential, and those companies which may in the future become multinational business projects.