Celartem's Acquisition of LizardTech Closed and New CEO Announced.Business Editors NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & SEATTLE--(BUSINESS WIRE)--Aug. 18, 2003 Announced on June 20, 2003, Celartem Technology USA has completed its acquisition of LizardTech, Inc., a leading developer of digital imaging software. "We can now focus on integrating LizardTech businesses within the Celartem family of companies," said Osamu Ikeda, president and 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 Celartem USA. "Our goal is to provide an increasing range of high value products to our expanding customer base of digital image and document users. Our companies offer innovative solutions to enhance the creation, management, control and distribution of digital content." Carlos Domingo, former COO of Celartem Technology Inc. will replace the out-going CEO, Scot Land as the new president and CEO of LizardTech, Inc. "I am honored that Celartem has chosen me to take LizardTech to the next level: this acquisition will bring the financial support and stability that LizardTech needs to strengthen its leadership in the market," said Domingo. "Celartem and LizardTech understand the fundamental needs and technologies for digital image and document distribution better than anyone else. I am very excited about the future products that will come out of the synergies between the two companies." About Celartem Celartem Technology Inc. was established in 1996 to research, develop and market storage and distribution technologies for digital images. Celartem has developed technology for digital image compression Noun 1. image compression - the compression of graphics for storage or transmission compression - encoding information while reducing the bandwidth or bits required , scaling, secure distribution and management. Celartem is headquartered in Tokyo with offices in New York and Paris, and also operates in the US and Europe through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Extensis, Inc. Celartem is listed on the Osaka Securities Exchange Osaka Securities Exchange (OSE) Established after World War II, one of the three major securities markets in Japan. , Hercules Market (Hercules: 4330). Please visit http://www.celartem.com for more information. About LizardTech LizardTech is a private company, formed in 1992 to build valuable business solutions from technologies created by the world's leading research organizations including Los Alamos National Laboratory Los Alamos National Laboratory (LANL) (previously known at various times as Site Y, Los Alamos Laboratory, and Los Alamos Scientific Laboratory) is a United States Department of Energy (DOE) national laboratory, managed and operated by Los Alamos National (LANL LANL - Los Alamos National Laboratory, Los Alamos, NM, USA. ) and AT&T Labs. LizardTech's software is installed on millions of desktops and integrated into a wide variety of platforms and applications. LizardTech has offices in Seattle, London and Tokyo. Please visit http://www.lizardtech.com for more information. |
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