Creo to Acquire ScenicSoft, Inc. VANCOUVER, BC, CANADA

Creo Inc. today signed a definitive agreement to acquire ScenicSoft, Inc., a privately held company located near Seattle. ScenicSoft develops and markets software for the publishing and printing industries, and is a pioneer in developing digital prepress solutions. Under the terms of the agreement, Creo will acquire ScenicSoft for approximately US$9.5 million in a combination of cash, equity and an assumption of liabilities. The acquisition is expected to close within 90 days and is expected to be accretive to Creo's adjusted earnings per share within one year from the close. Amos Michelson Quote...