Broderbund Software to Acquire Clip Art Leader T/Maker; Agreement Would Combine the Strength of One of the World's Largest Clip Art Collections with Broderbund's Popular Print Shop Line.NOVATO, Calif.--(BUSINESS WIRE)--July 30, 1996--Broderbund Software, 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 :BROD BROD Big Bike Riders of Dagupan (Motorcycle Club in the Philippines) ) today announced it has signed a definitive agreement to purchase T/Maker Co. from its parent company, Deluxe de·luxe also de luxe adj. Particularly elegant and luxurious; sumptuous: deluxe accommodations; a de luxe automobile. adv. Corporation. T/Maker, based in Mountain View, Calif., publishes the popular ClickArt line of clip art A set of canned images used to illustrate word processing and desktop publishing documents. software for desk-top and internet publishing. Terms of the agreement were not disclosed. Broderbund currently anticipates that T/Maker, which has approximately 40 employees, would continue to operate in Mountain View as a wholly-owned subsidiary of Broderbund. The agreement has been filed with the Federal Trade Commission and the Department of Justice and closing is subject to Hart, Scott, Rodino review and clearance. In March of 1995, T/Maker formed an exclusive licensing agreement with a leading graphics company granting T/Maker exclusive access to the electronic versions of a library of more than 500,000 copyright-free art images. This agreement gives T/Maker access to one of the world's largest clip art collections. "We see T/Maker as a natural addition to our product line, particularly to expand the content in our leading Print Shop family with T/Maker's ClickArt products," said Broderbund's President and COO, Bill McDonagh. "This acquisition gives Broderbund's product line another evergreen evergreen, term commonly used as synonymous with conifer and applied also to all those broad-leaved plants that bear green leaves throughout the year. Of the latter, most are plants of the tropics, subtropics, and other areas where the growing season is prolonged (e. product that complements and increases our existing portfolio. Combined with the talented development team at T/Maker, we believe that this is an excellent addition to our business, both domestically and worldwide." Broderbund noted that the transaction would be accounted for as a purchase. T/Maker products include the ClickArt Incredible Image 65,000, 25,000, and 2,000 Paks, 2500 ClickArt Fonts, Art Parts, Famous Magazine Cartoons, Cartoons, ClickArt Express, ClickArt Studio Series, and the VroomBooks Series. Broderbund Software, Inc. develops, publishes and markets a diversified line of consumer software for use in homes, schools and small businesses. Since its founding 1980, Broderbund has pioneered innovative award-winning products that take advantage of the latest technologies. Broderbund has a successful track record of identifying and capitalizing on emerging trends through its studio development approach. Broderbund's website is located at http//www.broderbund.com. -0- Note to Editors: Broderbund and The Print Shop are registered trademarks of Broderbund Software, Inc. T/Maker, ClickArt, the ClickArt Incredible Image 65,000, 25,000, and 2,000 Paks, 2500 ClickArt Fonts, Art Parts, Famous Magazine Cartoons, Cartoons, ClickArt Express, ClickArt Studio Series, and the VroomBooks Series are trademarks of T/Maker Co. CONTACT: Broderbund Software Robin Linstrom, 415/382-4449 (Investor Relations Investor relations The process by which the corporation communicates with its investors. ) robin_linstrom@broder.com Eric Winkler Winkler may refer to:
eric_winkler@broder.com |
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