Shutterfly to license Kodak imaging patents

"As the market leader in digital personalized photo products and services, Shutterfly continues to invest in its intellectual property portfolio through licensing and internal innovation, which includes 55 patents granted and more than 50 patent applications in the U.S. and abroad," said Jeffrey Housenbold, president and Chief Executive Officer at Shutterfly. "We’ve partnered with a consortium of global technology firms to come to an agreement that supports the business objectives of all parties involved."