Acquired by Celartem
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.