Bitstream Inc. Acquires Assets of Alaras Corporation.CAMBRIDGE, Mass.--(BUSINESS WIRE)--Nov. 19, 1998--Bitstream Inc. (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 :BITS) announced today it has acquired certain assets of Alaras Corporation of Durham, North Carolina Durham is a city in the U.S. state of North Carolina. It is the county seat of Durham CountyGR6 and is the fourth-largest city in the state by population. for $1,300,000 in cash. In addition, Michael Hoffman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Alaras Corporation, has agreed to join Bitstream's team, as General Manager of the Durham Office, to lead R&D efforts in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. where Bitstream intends to leverage the technical talent available in the progressive Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. area. Alaras brings three innovative solutions to Bitstream -- Tropix(R), Mixxer(R) and Apertura(R). "Both companies instantly recognized the strong synergies between PageFlex(TM) and the Tropix Workflow Manager" said Michael Hoffman, CEO of Alaras. "We also see a unique opportunity to take the innovative Tropix workflow automation See workflow. tools to a new level by aggressively embracing WindowsNT and Unix, and by nurturing widespread development of Smart Object value-added modules through partnerships with other industry vendors." "Alaras developed a breakthrough in workflow technology Workflow technology is a new field of software products designed to improve the design of information systems. It involves use of workflow engine to execute models of processes. The models can be edited by persons not experienced in programming (e.g. that combines extreme ease of use with unprecedented extensibility and power. We are delighted to join forces to help bring these important benefits to our customers," said Paul Trevithick This article is and to meet Wikipedia's , may require a , wikifying and categorization. Please discuss this issue on the talk page or [ replace this tag] with a . This article has been tagged since March 2007. , President of Bitstream. Alaras Tropix is a workflow application to automate repetitive steps in electronic publishing production. It is unique in combining a highly visual and configurable interface with the unparalleled extensibility and power of Smart Object plug-ins. Also, each new Smart Object readily leverages the capabilities of all others. With Tropix, what traditionally would have taken a large custom development effort can now be accomplished by drag and drop A graphical user interface (GUI) capability that lets you perform operations by moving the icon of an object with the mouse into another window or onto another icon. For example, files can be copied or moved by dragging them from one folder to another. . Mixxer is a color correction filter for Adobe Photoshop which brings important methodologies originating in high-end proprietary prepress workstations to the Macintosh. The upcoming new version adds significant new ways to effectively perform high-end color manipulation in Adobe Photoshop. Apertura enables Adobe Photoshop to open one or more smaller portions of most popular image formats including native Scitex CT and LWs. This dramatically increases the effectiveness of using Photoshop for full resolution type corrections on lineworks and localized edits on even the largest image. Bitstream Inc., headquartered in Cambridge, Massachusetts, develops, markets and supports software technologies and applications for the graphics communications industry. Bitstream licenses text imaging and page layout technologies such as TrueDoc(R), NuDoc(TM), and Bitstream Jet(TM), to hundreds of industry leading independent software vendors and hardware manufacturers. Bitstream is also the developer of PageFlex(TM), an XML-based publishing application for the dynamic publishing of customized documents. Complementing these products, Bitstream markets a multi-lingual library of over 1,400 typefaces and offers customization services. For more information on Bitstream and its products, please visit the company on the World Wide Web at http://www.bitstream.com Bitstream, Tropix, Mixxer, Apertura, and Alaras are registered trademarks of Bitstream Inc. All other trademarks mentioned are for identification purposes only and may be trademarks of their respective owners. |
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