ArcSoft Continues Strong Growth Into the First Quarter of 2001; New Customers and New Products Contribute to Financial Strength.Business Editors/High-Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--April 9, 2001 ArcSoft, Inc., a leading provider of digital imaging software and Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the imaging networks to global companies, today announced strong growth through the first quarter of 2001. In the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of a market downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. that has forced many companies to re-evaluate their business models, ArcSoft has maintained financial growth by building relationships with existing customers while continuing to develop award-winning, easy-to-use imaging products for its OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and consumer customers around the world. The company further indicated it expects strong sales growth as businesses increasingly seek out technology providers with the potential to be long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. partners. "ArcSoft has always dedicated itself to the customer; whether it is a global business or the end-user, we are focused on giving our customers the best experience possible," said Joseph Bollentini, ArcSoft's chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "As a result, our business is extremely sound and we are confident in our ability to grow, even during this slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. . Both our Internet and desktop software businesses are meeting projections, and we are very excited about the future of the company." To meet the growing needs of international customers including Epson, Polaroid, Panasonic, Sony, Canon and Hewlett Packard, ArcSoft has established a solid presence in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and is expanding in Europe and Asia. With Research and Development centers in the Silicon Valley and Hangzou, China, as well as sales and support offices in Asia, Europe and the Americas, ArcSoft is positioned to support its present customers while continuing to aggressively expand its global presence. "We are looking forward to providing new and existing customers an even broader range of products and services moving forward," said Todd Rumaner, ArcSoft's vice president of marketing and business development. "We view today's volatile market as an exceptional opportunity and are actively looking at acquisition opportunities in order to more aggressively extend our technology and distribution." About ArcSoft ArcSoft is an international leader in providing interactive digital imaging/video software and Internet/network solutions to businesses that enhance consumer's digital photography and multimedia experience. Founded in 1994 and based in Fremont, Calif., ArcSoft's customers include leading global digital camera, printer, scanner (1) See also antivirus program. (2) An optical device that reads a printed page or transparency and converts it into a graphics image for the computer. The scanner does not recognize or differentiate in any manner the content of the material it is scanning. , photography, computer and consumer electronic manufacturers. In addition to hosting ArcSoft's own PhotoIsland.com, the PhotoIsland Network System powers some of the industry's most popular photo-centric Web sites on the Internet. Today, the company has Research and Development centers in California's Silicon Valley and Hangzou, China, as well as Sales and Support offices in Asia, Europe and the Americas. For more information visit www.arcsoft.com. |
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