Shutterfly Acquires Memory Matrix; Former Netscape Founding Engineer Lou Montulli Joins as Vice President.REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif. -- Shutterfly, Inc., the leading independent e-commerce company, specializing in digital photo products and services, today announced the acquisition of Memory Matrix, Inc., an advanced engineering firm dedicated to improving the consumer digital photography experience. With the acquisition of Memory Matrix, Shutterfly will incorporate the company's intellectual property, product rights and industry-leading engineering team. Lou Montulli Louis J. Montulli II (best known as Lou Montulli) is a programmer who is well known for his work in producing web browsers. In 1991 he wrote a text web browser called Lynx while he was at the University of Kansas. , co-founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Memory Matrix, joins Shutterfly as a Vice President reporting to Jeannine Smith, Shutterfly's Chief Engineering Officer. Prior to launching Memory Matrix, Lou Montulli was a founding engineer and the director of server engineering for Epinions.com, which is now Shopping.com (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SHOP). Earlier, Montulli was one of the founding engineers of Netscape (now an America Online, Inc. brand), where he led the networking group and developed the networking code as well as many of the back end subsystems. Prior to that, Montulli wrote the text web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. Lynx while attending the University of Kansas The University of Kansas (often referred to as KU or just Kansas) is an institution of higher learning in Lawrence, Kansas. The main campus resides atop Mount Oread. . Lou Montulli is the inventor of several innovations on the web including HTTP HTTP in full HyperText Transfer Protocol Standard application-level protocol used for exchanging files on the World Wide Web. HTTP runs on top of the TCP/IP protocol. cookies and holds multiple patents. "This strategic acquisition affords Shutterfly the ability to more aggressively innovate our products and services," said Shutterfly President and CEO Jeffrey Housenbold. "By integrating Lou Montulli and the Memory Matrix team into Shutterfly's accomplished engineering organization, we've assembled an engineering powerhouse. And through our ongoing search for top engineering talent, we will continue to deliver new compelling ways to preserve and share memories." About Shutterfly Founded in 1999, Shutterfly, Inc. (www.shutterfly.com) is the leading independent e-commerce company specializing in digital photo products and services for the consumer and professional photography markets. The company provides customers with simple ways to organize, enhance and archive images; share pictures with family and friends; order professional-quality prints and create an assortment of personalized items such as Photo Books, Calendars and Greeting Cards. |
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