Celartem Technology Announces Merger of US Holdings - Extensis.com

Celartem Technology Announces Merger of US Holdings

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.

About LizardTech
LizardTech was founded in 1992 to build valuable business solutions from technologies created by the world’s leading research organizations including Los Alamos National Laboratory (LANL) and AT&T Labs. LizardTech is a leader in applying state-of-the-art technologies to the real-world challenges of managing, distributing, and accessing large complex digital content such as aerial photographs, satellite imagery, and color scanned documents. LizardTech’s software is installed on millions of desktops and integrated into a wide variety of platforms and applications. LizardTech has offices in Seattle, London and Tokyo. For more information about LizardTech, visit www.lizardtech.com.

About Celartem
Celartem Technology, Inc, 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, Hercules:4330. Established in 1996, Celartem is headquartered in Tokyo, Japan and has a wholly owned subsidiary, Celartem Technology USA INC. with headquarters in Seattle. Celartem also operates in the US and Europe through its wholly owned subsidiaries, Extensis, Inc. and LizardTech Inc.

 
 
Contact
Nicole Andergard
Extensis
503.274.2020 ext. 129
press@extensis.com

Justyna Bednarski
LizardTech
206-902-2839 
Jbednarski@lizardTech.com