HP Completes Acquisition of Online Photo Service Snapfish
PALO ALTO, Calif., April 15, 2005 -- HP today announced the completion of its acquisition of Snapfish, a leading online photo service. Effective today, Snapfish has joined HP's Consumer Imaging and Printing business led by Larry Lesley, senior vice president.
Both current and new Snapfish customers will continue to experience easy access to high-quality photo products and services when visiting http://www.snapfish.com. These include free online photo sharing, photo storage and management, free editing tools and software, online print ordering, wireless imaging services for camera phone and color handset users, and more than 70 personalized photo products - from calendars to hardbound photo albums to dog leashes.
"Snapfish's expertise in online photo services, coupled with HP's worldwide customer reach, will enable HP to capitalize on the growing market for online photo printing," said Lesley. "Through this acquisition, HP will be able to offer consumers unrivaled choice when deciding how, when and where they share, store and print their photos."
Whether a consumer wants the immediate gratification of printing photos at home or the simplicity of ordering a large batch of prints or photo merchandise online, HP now provides a more affordable, simple and comprehensive digital photography experience.
Snapfish has approximately 14 million registered members and is growing at a rate of more than 500,000 members per month, due in large part to high customer satisfaction - more than 90 percent of Snapfish's customers have recommended the service to others.
About HP
HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended Jan. 31, 2005, HP revenue totaled $81.8 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.
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