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Getty Images Acquires Its Italian Master Delegate, Laura Ronchi, S.p.A.
Acquisition Supports Accelerated International Growth Initiative
SEATTLE, May 2 /PRNewswire-FirstCall/ -- Getty Images, Inc. (NYSE: GYI), the world's leading creator and distributor of visual content, announced today that it has acquired Laura Ronchi, S.p.A., its largest master delegate and the leading provider of visual content in Italy.
As a master delegate, Laura Ronchi, S.p.A. has been the primary distributor of Getty Images content to the Italian market since 1995, and has been a key contributor to Getty Images' success in that fast-growing region. Laura Ronchi, S.p.A. distributes Getty Images rights-managed and royalty-free content, as well as its editorial imagery, archival imagery and film.
"This acquisition helps us accelerate our reach into non-English speaking markets, which is a key focus area for our business in 2006," said Bo Olofsson, Senior Vice President of Sales for Getty Images. "Growth in the Italian market and the overall size of the opportunity strongly support this investment. By replicating our proven direct model and working closer with the Laura Ronchi, S.p.A. team, we plan to enrich the growth prospects for all our product and service lines in the region."
Following the acquisition, Laura Ronchi, who founded her business in 1987, will continue to lead the Milan-based business as Vice President of Sales Italy, reporting to Bo Olofsson.
About Getty Images
Getty Images is the world's leading creator and distributor of visual content and the first place creative professionals turn to discover, purchase and manage imagery. The company's award-winning photographers and imagery help customers create inspiring work which appears every day in the world's most influential newspapers, magazines, advertising campaigns, films, television programs, books and Web sites. Headquartered in Seattle, WA and serving customers in more than 100 countries, Getty Images believes in the power of imagery to drive positive change, educate, inform, and entertain. Visit Getty Images at http://gettyimages.com/.
Web site: http://www.gettyimages.com/
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