Picinik.com was founded in 2005. Today i.e. March 1st Google has announced that it has acquired Picnic.com.

An official blog post in Google Photos Blog states that

More than ever before, people are sharing and storing their photos online. But until recently, you had to edit your photos using client software on your computer. Today, we’re excited to announce that Google has acquired Picnik, one of the first sites to bring photo editing to the cloud. Using Picnik, you can crop, do touch-ups and add cool effects to your photos, all without leaving your web browser.

We’re not announcing any significant changes to Picnik today, though we’ll be working hard on integration and new features. As well, we’d like to continue supporting all existing Picnik partners so that users will continue to be able to add their photos from other photo sharing sites, make edits in the cloud and then save and share to all relevant networks.

We’re very impressed with the Picnik team and the product they’ve created, and we’re excited to welcome them to Google. We’re looking forward to collaborating closely with them to improve the online photo editing experience on the web. In the meantime, we encourage you to head to Picnik, import some of your photos from Picasa Web Albums, Flickr or Facebook and try your hand at photo editing in the cloud!

As you see, Google has tremendous amount of computational facility and manages petabytes of data each day. It would be easy to manage a company like Picnic