Eastman Kodak says it has completed its acquisition of online photo service Ofoto. Emeryville, Calif.-based Ofoto will operate as a wholly owned subsidiary of Kodak, according to the photo giant. Financial terms of the acquisition were not disclosed.
In April, Kodak announced plans to buy Ofoto in a move to expand its hold on the online photo market. Kodak said the completion of the acquisition will help it to drive the adoption of digital and online services. The company provides consumers and retailers with a range of online services, including film scanning, storage and photo enhancement features.