Jun 2, 2005

Shutterfly buys out Memory Matrix

Source: CNET
Written By Dinesh C. Sharma

Shutterfly on Wednesday announced its takeover of Memory Matrix, an engineering company focused on digital photography.

Under the terms of the deal, Memory Matrix technology and intellectual property will be integrated with Shutterfly products, according to Shutterfly, an online photo service based in Redwood City, Calif. Financial details were not disclosed.

Lou Montulli, co-founder and CEO of Memory Matrix, will join Shutterfly as vice president and report to its chief engineering officer, Jeannine Smith, Shutterfly said. One of the founding engineers of Netscape, Montulli wrote the text Web browser Lynx at the University of Kansas and developed Hypertext Transfer Protocol (HTTP) cookies–text files stored on a browser that form a profile of that user’s Web activities and can include other user information.

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Editor’s Note: On a personal note, we congratulate one of the Memory Matrix team, Andrei Herasimchuk for his contributions to Memory Matrix. Way to go Andrei!

Andrei is also the primary site designer for PhotoshopNews and is a partner in Involution Studios. Andrei was the former head of UI design at Adobe and was largely responsible for the unification of UI across product lines.

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