Friday, December 11, 2009

Monotype Imaging acquires Planetweb

By Mass High Tech staff

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Text imaging company Monotype Imaging Holdings Inc. has paid $1.9 million in cash for the assets of Planetweb Inc., a consumer electronics industry provider of embedded user interface software and development tools.

Officials at Woburn-based Monotype Imaging (Nasdaq: TYPE) noted that the acquisition is expected to broaden offerings to consumer electronics device makers incorporating fonts from Monotype and a graphical user interface from Planetweb.

Monotype Imaging provides font and typeface products and has regional offices in Boulder, Colo.; Chicago; China; Japan; Redwood City, Calif.; and the United Kingdom. Before being bought and renamed by private equity investment firm TA Associates in 2004, Monotype Imaging operated as Agfa Monotype.

Planetweb develops its SpectraWorks software as a development tool for embedded graphical user interfaces, licensed to OEMs, developers and designers.