TomTec Imaging Systems and Individual Software Join Forces and Merge into One Company.Business Editors MUNICH--(BUSINESS WIRE)--Aug. 22, 2000 TomTec Imaging Systems GmbH, the Munich, Germany-based leader of 2D, 3D and 4D ultrasound solutions, announces the 100% acquisition of its partner, IVS ivs - INRIA Videoconferencing System. A video-conferencing tool for the Internet based on the H.261 video compression standard. http://zenon.inria.fr:8003/rodeo/personnel/Thierry.Turletti/ivs.html. - Individual Software GmbH, Fulda, Germany. The acquisition of Individual Software by TomTec is another important step to provide complete solutions for digital 2D/3D and 4D ultrasound. The advanced technology of IVS will be incorporated into the TomTec product portfolio to offer additional value to all TomTec customers. Especially, the know-how in the area of Image Management, DICOM (medical, standard) DICOM - (From Digital Imaging and COmmunications in Medicine) A standard developed by ACR-NEMA (American College of Radiology - National Electrical Manufacturer's Association) for communications between medical imaging devices. and e-commerce will open new markets to the joint company. "With the recent takeover, TomTec will not only maintain, but further develop, its leading position as a global player in digital ultrasound technology," said Ulrich R. Haupt, 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. & CFO See Chief Financial Officer. at TomTec Imaging Systems. "The co-operation with ultrasound companies is very important for TomTec. The merger with Individual Software gives us direct access to new R&D resources and technology, which will be directly used to address the increasing needs for 2D/3D/4D solutions of our 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 partners," said Bernhard Mumm, President & CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. at TomTec Imaging Systems. "The sales forces of both companies will be merged as well to better address the requirements of the global marketplace," stated Frank Schlau, Senior VP Sales & Marketing at TomTec. To utilize the growth potential in Germany, Russia and Poland, TomTec increases its presence in this region with a dedicated sales and marketing team organized in a new Sales Organization, TomTec Mediweb Systems. This 100% TomTec-owned company operates out of Fulda, Germany to promote Stress-Echo, Image Management as well as 3D/4D technology for Ob/Gyn, Radiology radiology, branch of medicine specializing in the use of X rays, gamma rays, radioactive isotopes, and other forms of radiation in the diagnosis and treatment of disease. and Cardiology cardiology Medical specialty dealing with heart diseases and disorders. It began with the 1749 publication by Jean Baptiste de Sénac of contemporary knowledge of the heart. Diagnostic methods improved in the 19th century, and in 1905 the electrocardiograph was invented. . "This increased market presence will put TomTec closer to its customers and partners from the ultrasound industry. Both can choose from a wide variety of products, all provided by TomTec," said Johann Wessels, one of the two owners of Individual Software GmbH, who will head this new sales organization. Holger Frank, the co-owner of Individual Software, will join the senior management of TomTec as head of 2D development, located in the R&D office in Fulda. TomTec is the worldwide leader for 2D, 3D and 4D solutions in the area of medical ultrasound. TomTec was founded in 1990 and celebrated its 10th anniversary in June 2000. The location of the headquarters is Unterschleissheim, near Munich, Germany. From there, TomTec supports its over 50 employees and a large network of dealers in all markets in the world. TomTec Corp. (100% owned by TomTec, GmbH), with headquarters in Chicago, addresses the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market. The Japanese market is jointly developed with TomTec's shareholder, Nihon Kohden Corp. By offering "Add On" and OEM (Original Equipment Manufacturer) solutions, TomTec has reached a leading position in this market. |
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