Snapfish acquisition makes Value Labs happy

Hyderabad-based Value Labs is all smiles with Hewlett Packard (HP)'s acquisition of its partner Snapfish, an online photo services company in the United States which operates on the technology platform developed by it. HP announced the acquisition of Snapfish last month.

"With this acquisition, we are now directly associated with the $ 81.8-billion technology solutions provider and look forward to work for HP" Arjun Rao, chief executive officer of Value Labs, said here on Tuesday.

Value Labs entered into a partnership with Snapfish even before the launch of the site in 1999. The company played an integral role in building Snapfish's highly-scalable technology by quickly building and training its team to take up work in software development, quality assurance and customer support, according to a company press release.

Set up in 1997, Value Labs has 600 employees with an offshore development centre in Hyderabad. Both Value Labs and Snapfish are promoted by Indians.

Snapfish is a leading online photo service company with more than 13 million members and has 350 million unique photos stored online.

It enables film camera, digital camera and camera phone users to share, print and store their photo memories at affordable prices "� both online and offline.

Hewlett Packard, which is into imaging and printing business, too is expected to benefit from the acquisition of the leading online photo service company as it will help HP foray into online photo market.