GREE Partners With Snapeee In Photo Sharing App For Smartphone /Cnet Japan

Snapeee operator, Mind Palette announced that it has capital and business partnership with SNS operator, GREE in social networking business. GREE buys 165 shares (8.3%) of Mind Palette from existing share holders.

Mild Palette was selected at Startups2010, a business plan contest held by CyberAgent Ventures. It develops photo decoration and sharing application, Snapeee with seed money and hands-on support from CyberAgent Ventures. After two months from the launch, it has over 500,000 downloads mainly from female users.

With the alliance, both will jointly develop GREE DECO, a photo sharing application for smartphone to provide for 26 million users of GREE.

Cnet Japan 10/20/2011 [jp]

memo

• Snapeee has been downloaded more in other Asian countries such as Taiwan, Hong Kong, and Singapore than in Japan.
• http://www.mindpl.co.jp/