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Kodak Acquiring Software Firm

Photonics.com
Mar 2008
ROCHESTER, N.Y., March 5, 2008 -- Eastman Kodak Co. announced it is acquiring Connecticut-based workflow software developer Design2Launch Inc. Financial terms were not disclosed.

Design2Launch's system of integrated modules is designed to save pharmaceutical, food and beverage, automotive, and consumer package companies time and money during the graphics creation process. The privately held company, formed in 2000, is based in Stamford, Conn.

Kodak said adding Design2Launch to its product portfolio will help the company more tightly integrate brand owners, marketing services and print service providers.

"Kodak's strength in workflow is one of our greatest competitive assets, and we are committed to investing in and growing our capabilities to better serve our customers," said Philip J. Faraci, president and chief operating officer, Eastman Kodak. "Design2Launch is a proven player in the rapidly expanding corporate solutions software market and when completed, this acquisition will enable us to broaden our portfolio of solutions and open new markets within the changing graphic communications marketplace."

The transaction is subject to acceptance by Design2Launch's minority shareholders and customary closing conditions. Kodak said it expects the deal to be completed within 30 days.

For more information, visit: www.kodak.com


GLOSSARY
ion
An atom that has gained or lost one or more electrons and, as a result, carries a negative or positive charge.
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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