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LensRentals.com, Inc. Announces the Acquisition of ZipLens.com, LLC - LensRentals will acquire ZipLens' assets over a several week period to allow orderly transfer while maintaining full service to all ZipLens customers. ZipLens management will actively assist with the transition - LensRentals.com
LensRentals.com, Inc. Announces the Acquisition of ZipLens.com, LLC

 

NewswireToday - /newswire/ - Memphis, TN, United States, 2009/12/21 - LensRentals will acquire ZipLens' assets over a several week period to allow orderly transfer while maintaining full service to all ZipLens customers. ZipLens management will actively assist with the transition - LensRentals.com.

   
 
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Lensrentals, Inc., the largest online renter of photography equipment in the U. S., announces an agreement to acquire ZipLens, LLC, a Boston-based photography equipment rental house. Lensrentals.com is a full service photography and videography rental house located in Memphis, TN and shipping to customers throughout the United States. ZipLens is photographic rental house located in Brookline, MA specializing in Canon and Nikon photographic lenses.

Under terms of the agreement, Lensrentals will purchase the assets of ZipLens and provide service to their existing customer base. Lee Cullivan, President and CEO of ZipLens, will actively assist Lensrentals with the transition during the first half of 2010. ZipLens online store will incorporated into Lensrentals system by the end of 2009, although ZipLens will continue to fulfill current orders during the transition period. The acquisition is expected to be complete during the first quarter of 2010.

LensRentals.com.com and ZipLens.com were two of the first companies to allow photographers to rent equipment online for delivery to their location, anywhere in the United States. The two companies have worked together for several years, assisting each other in fulfilling large orders and providing inventory assistance. The acquisition will allow Lensrentals to further expand its customer base and allow Ziplens’ customers access to a broader range of photography and videography equipment. Because of their close affiliation and similar business models, they expect the merger of their services to be very smooth.

LensRentals.com.com was founded in 2006 to provide online rental photography equipment. It is a leading supplier of rental cameras, lenses, support and lighting equipment for photographers and videographers throughout the United States.

 
 
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Written by / Agency / Source: LensRentals

 
 

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LensRentals.com, Inc. Announces the Acquisition of ZipLens.com, LLC

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Publisher Contact: Roger Cicala - LensRentals.com 
901-754-9100 support[.]lensrentals.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LensRentals securities in any jurisdiction including any other companies listed or named in this release.

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