Adobe Ventures L.P. and Hambrecht & Quist Make $8.5 Million Equity Investment in mFactory, Inc.Ventures L.P. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADBE ADBE Adobe Systems, Inc. (stock symbol) ) and Hambrecht & Quist today announced that they have made an $8.5 million strategic investment in mFactory, Inc., a privately-held provider of new-generation multimedia authoring software based in Burlingame, Calif. mFactory is currently shipping the developer release of its high-performance, multimedia development tool, mTropolis. Percentage of ownership and per share price were not disclosed. mTropolis, which is expected to ship in general release later this year, is used in the creation of multimedia titles for CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). and on-line deployment. In addition, Web-based publishers will be able to use mTropolis, to create dynamic multimedia titles and distribute them via the Internet. "mFactory has created a powerful, accessible and scaleable multimedia development system that complements our popular family of graphics and publishing tools," said Charles M. Geschke, president of Adobe Systems Adobe Systems Incorporated (pronounced a-DOE-bee IPA: /əˈdoʊbiː/) (NASDAQ: ADBE) (LSE: ABS) is an American computer software company headquartered in San Jose, California, USA. Incorporated. "The object-oriented core technology is the most modern, open architecture framework of its kind, and provides significant benefits compared to the current crop of multimedia tools available today." mTropolis was tested by more than 250 distinguished multimedia developers, including Rocket Science Games Rocket Science Games was a video game developer that created games for consoles and computers from 1993 to 1997. The company was responsible for games such as Obsidian, Rocket Jockey, and The Space Bar. , Activision, Tribeca Interactive Tribeca Interactive was a computer game production company owned by actor Robert DeNiro. They produced two games; the first, "Shadow: War of Succession" was released through 3DO and met with bad reviews and few sales. and Virgin Sound and Vision during its year-long beta program. In addition, Thomas Dolby Thomas Dolby (born Thomas Morgan Robertson, on 14 October 1958) is an English musician, producer, and inventor. Life and career Thomas was born in London. His father, Martin Robertson, was an internationally-distinguished professor of classical Greek art and of multimedia trailblazer Headspace head·space n. The volume left at the top of an almost filled jar, tin, or other container before sealing. Noun 1. headspace - the volume left at the top of a filled container (bottle or jar or tin) before sealing , has been very involved in the creation of audio and MIDI (sound engine) tools that work with mTropolis. The developer release of mTropolis was made available in July. "Most of our title development customers are already leveraging Adobe's market-leading products, such as Adobe Photoshop, Adobe After Effects, Adobe Illustrator, Adobe Premiere and the Adobe Portable Document Format (file format) Portable Document Format - (PDF) The native file format for Adobe Systems' Acrobat. PDF is the file format for representing documents in a manner that is independent of the original application software, hardware, and operating system used to create those documents. (PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. )," said Hamish Forsythe, president of mFactory. "The Adobe Ventures' investment will help us continue that cooperative spirit, and we look forward to working closely with Adobe to ensure that our products work together seamlessly." Adobe Ventures L.P. was established in June 1994, and is currently a $40 million venture capital limited partnership between Adobe Systems Incorporated and Hambrecht & Quist Group. It is chartered to invest in innovative companies strategic to Adobe's businesses. Hambrecht & Quist Group is a venture capital, investment banking and securities brokerage firm specializing in emerging growth companies in chosen areas of industry focus, including technology and life sciences. mFactory is a provider of professional software authoring tools for the development of sophisticated new media titles. mFactory's flagship authoring environment, mTropolis, facilitates the rapid development and deployment of high-performance interactive titles across multiple platforms. mFactory is located just south of San Francisco's Multimedia Gulch, in Burlingame, California. For more information, please call (415) 548-0600 or visit our World Wide Web site at http://www.mfactory.com. Adobe Systems Incorporated, founded in 1982, is headquartered in Mountain View, California For the census-designated place, see Mountain View, Contra Costa County, California. For other places called "Mountain View", see . Mountain View is a city in Santa Clara County, in the U.S. state of California. The city gets its name from the views of the Santa Cruz Mountains. . Adobe develops, markets and supports computer software products and technologies that enable users to create, display, print and communicate electronic documents. The company licenses its technology to major computer, printing and publishing suppliers, and markets a line of applications software and type products for authoring visually rich documents. Additionally, the company markets a line of powerful, but easy to use, products for home and small business users. Adobe has subsidiaries in Europe and the Pacific Rim serving a worldwide network of dealers and distributors. Adobe's 1994 revenue was approximately $598 million. -0- Note to Editors: Adobe, Adobe Photoshop, Adobe Premiere, After Effects and Adobe Illustrator are trademarks of Adobe Systems Incorporated. mTropolis is a trademark of mFactory, Inc. CONTACT: Adobe Systems Incorporated, Mountain View Carol Sacks, 415/962-4989 or http://www.adobe.com or mFactory, Inc., Burlingame Anu Shukla or Bernard Camaro, 415/548-0600 or http://www.mfactory.com |
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