March
6, 2004
a21 Completes Acquisition of SuperStock
a21, Inc. has completed its acquisition of SuperStock and Haim Ariav, President
of a21, has been named President of SuperStock. Bill Beermann and Jim Ong,
co-founders of SuperStock, will step down from their roles within the company.
Kai Chiang and the balance of the senior management team of SuperStock
will remain in place.
"We are very pleased to have completed this transaction," stated Albert
H. Pleus, Chairman of a21. "We see great opportunity in the image space
- opportunity to better serve buyers and photographers with compelling content
and a simpler, more rewarding experience. This acquisition will give us a platform
from which to demonstrate the a21 advantage to the global market."
"We believe our plans for a21 and SuperStock are timely and achievable," stated
Mr. Ariav. "Our focus on implementing a 'daisy-chain' acquisition strategy
in parallel with an organic growth overlay makes us confident our goals can be
attained," he added.
At this point the specifics of any changes they expect to make to grow
the company are unclear. They do seem to be looking at other companies
to possibly acquire. And given Mr. Ariav's background they are exploring
the possibility of getting involved in assignment photography in some way.
©2004 SELLING STOCK |