Shutterfly Inc. (Nasdaq: SFLY) has acquired GrooveBook for $14.5 million. 

GrooveBook provides a monthly photo subscription service for cell phone users. According to the company’s website, GrooveBook provides “your phone photos shipped to you in a keepsake photo book for only $2.99.” The company received an investment from investor Kevin O'Leary after being featured on the television program "Shark Tank." O'Leary built software company SoftKey and is on the board of private equity firm Genstar Capital. 

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