Inmagine Group Announces Restructure into Two Independent Businesses, Strengthening Focus and Innovation in Content and Creative SaaS Industries
[Singapore, 1 November 2023] – Inmagine Group, a global leader in creative and content technology, is excited to unveil a strategic restructuring that divides the company into two distinct entities: a Content Business and a Creative SaaS Business. This significant move underscores Inmagine Group’s commitment to enhancing operational efficiency, fostering innovation, and better serving its diverse customer base worldwide.
The Content Business will encompass renowned platforms such as 123RF, a leading stock content provider trusted by millions of users worldwide. With an extensive library of high-quality images, videos, and other creative assets, 123RF remains a cornerstone of the global creative community.
Conversely, the Creative SaaS Business will include industry-leading platforms such as Pixlr, Designs.ai, and Vectr. These platforms offer innovative AI-powered software solutions tailored to meet the evolving needs of creative professionals, empowering them to bring their visions to life efficiently and effectively.
Both entities will operate as independent businesses within the Inmagine Group ecosystem, enabling each to focus on its unique strengths and objectives while maintaining the agility to adapt to market trends and customer demands swiftly.
“We are thrilled to announce the restructuring of Inmagine Group into two distinct businesses,” said Stephanie Sitt, Co-founder of Inmagine Group. “This strategic move reflects our ongoing commitment to driving innovation and delivering unparalleled value to our customers. By aligning our operations more closely with the specific needs of our users, we aim to further strengthen our position as a leader in the global creative and content technology landscape.”
Inmagine Group’s ecosystem currently serves over 25 million users monthly, providing them with access to a vast array of creative tools, content, and resources. With this restructuring, the company is poised to enhance its capabilities, expand its reach, and continue empowering creatives worldwide to unleash their full potential.
About Inmagine Group
Inmagine Group is a global leader in creative and content technology, empowering millions of users worldwide to unleash their creativity and achieve their creative goals. With a diverse portfolio of platforms and services spanning stock content, creative tools, and AI-driven solutions, Inmagine Group is dedicated to driving innovation and delivering unparalleled value to its customers.