Extensis, Inc. Acquired by Celartem Technology
|Portland, Ore., – September 10, 2002 – Extensis, Inc., a leading developer of software for creative professionals and digital imaging market, today announced that the company has been acquired by Celartem Technology USA, Inc., which is wholly-owned by Celartem Technology Inc. (NASDAQ-J:4330), a Japan-based technology company focused on the creative professional and asset management markets. Extensis, a long-time fixture within the creative professional market, has been a wholly owned subsidiary of ImageX, Inc. (NASDAQ:IMGX) since 2000. The company employs 66 people based in Portland, Oregon and the United Kingdom.
Strong Synergies Between Celartem and Extensis
“Over the past year, Extensis has maintained consistent profitability coupled with climbing revenues, which has positioned us for continued growth,” said Craig Keudell, General Manager of Extensis, Inc. “The synergy we gain with Celartem will enable us to further invest in the creative professional market and bring our users more of the exciting products that they have come to expect.”
Contingent on the closing of the deal, Extensis will maintain its existing management team as well as their operations in both Portland and the UK. Craig Keudell, currently General Manager, will take on the role of CEO of Extensis, Inc., reporting to the Celartem USA board of directors.
“Celartem’s core technology for imaging is a perfect match with the Extensis brand, their products and their customer base,” said Osamu Ikeda, President of Celartem USA. “By combining technologies from both companies, we see an opportunity to provide new products that will revolutionize the way creative organizations perform their everyday work.”
Terms of the Deal
|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.
Extensis is a wholly owned subsidiary of Celartem Technology USA Inc., which is wholly owned by Celartem Technology Inc., (Hercules: 4330). For additional information, please visit our website at http://cde.extensis.com or call 1-800-796-9798.
503.274.2020 ext. 129