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Lizardtech Acquired by Celartem

Announced on June 20, 2003, Celartem Technology USA has completed its acquisition of Lizardtech, Inc., a leading developer of digital imaging software. "We can now focus on integrating Lizardtech businesses within the Celartem family of companies," said Osamu Ikeda, president and CEO of Celartem USA."Our goal is to provide an increasing range of high value products to our expanding customer base of digital image and document users. Our companies offer innovative solutions to enhance the creation, management, control and distribution of digital content."

Under terms of the agreement, LizardTech will operate as a separate unit within the Celartem Group of companies and will be known as "LizardTech Inc., a Celartem Company."LizardTech will maintain its existing U.S. operations headquartered in Seattle and European efforts based in London. Over time, R&D and sales operations will be merged with existing Celartem efforts in Europe and Japan. Celartem Group officers and board of directors will oversee LizardTech operations, as well as for Extensis, the other existing Celartem Group subsidiary.

For further information:
Excerpted from LizardTech's News & Press Releases

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