Deal Scoop: Vistaprint Buys Threadsmith.com
Web-based printshop Vistaprint has made what appears to be its first-ever acquisition, quietly scooping up custom embroidery and apparel embellishment company Threadsmith.com. A company spokesman declined to confirm or deny the deal, which is schedule to be formally disclosed as part of a quarterly earnings release next Thursday. Threadsmith.com (a.k.a. Soft Sight Inc.) has raised around $2.4 million in VC funding from High Peaks Venture Partners and Advantage Partners. High Peaks recently announced that the company had been sold, but did not name the buyer. It also did not announce a sale price, except to say that the deal generated "a high double digits annualized return rate."
22 January 2010•2 mins read
