Press Releases
Celartem Technology Announces Merger of US Holdings
Merger of Extensis, LizardTech and Celartem, Inc. will benefit shareholders and customers alike.
SEATTLE, Wash. -March 8, 2005 - Celartem Technology Inc., today officially announced a merger of its three US companies, Extensis, Inc., LizardTech, Inc. and Celartem, Inc. Both Extensis and LizardTech will retain their employees, offices and corporate brand but will operate under the Celartem, Inc. holding company. The combined entity has projected revenues exceeding $30M and more than 160 employees.
“Celartem Technology Inc. merged its three US holdings in an effort to leverage each company’s strengths across business models,” said Yasuo Kano, Celartem Technology President and Chairman of the Board of Directors. “Creating a larger cohesive entity will result in a more competitive organization that can better serve customers and create a more efficient operation toward profitability for shareholders.”
Carlos Domingo, formerly with Celartem Technology and currently the CEO of LizardTech, has been appointed President and CEO of Celartem, Inc. and will have responsibility for both Extensis and LizardTech operations. “Our newly merged company will leverage Extensis’ deep distribution channels and customer base and LizardTech’s understanding of the government and publishing markets to better serve our existing and future customers and partners,” said Domingo. “As a result, LizardTech and Extensis will be better positioned to expand their efforts in their respective markets.”
About Extensis, Inc.
Extensis Inc., a Celartem company, is the world’s leading provider of software solutions that empower digital asset creators and users. Extensis’ award-winning products are used by hundreds of Fortune 5000 companies and include Suitcase and Font Reserve for font management, Portfolio for asset management, and plug-in enhancements for Photoshop and QuarkXPress. Extensis was founded in 1993 and is based in Portland, Oregon, and the United Kingdom.
For more information, visit http://www.extensis.com or call 1-800-796-9798
Contact:
Nicole Andergard
Extensis
503-274-2020 ext. 129
press@extensis.com
About LizardTech
Since 1992, LizardTech has delivered state-of-the-art software products for managing and distributing massive, high-resolution geospatial data such as aerial and satellite imagery and LiDAR data. LizardTech pioneered the MrSID technology, a powerful wavelet-based image encoder, viewer, and file format. LizardTech has offices in Seattle, Denver, London and Tokyo. For more information about LizardTech, visit www.lizardtech.com.
About Celartem
Celartem Technology Inc. http://www.celartem.com develops and sells innovative technologies for storage, access and distribution of rich media content. Celartem has developed technology in the areas of digital image compression, scalable image viewing and secure content distribution and management. Celartem is listed on the Osaka Securities Exchange, JASDAQ: 4330. Established in 1996, Celartem is headquartered in Tokyo, Japan and has a wholly owned subsidiary, Celartem Inc. d.b.a. LizardTech with headquarters in Portland, OR.
