Lund, December 7, 2011 – The Board of Anoto Group AB (publ.) has today approved an agreement to acquire Xpaper technology from US based Talario. As an experienced Anoto Platinum Partner, Talario has pioneered simple boxed products that offer immediate benefits to a wide range of customers. Talario’s Xpaper software makes it easy to use Anoto’s digital pen and paper technology with any software application or paper document, and is installed by thousands of users in over 50 countries for a wide variety of personal, professional, commercial, and government uses.
The purchase is in line with Anoto’s mission to make it faster and easier for its customers and partners to use digital pen and paper technology as a part of their daily digital processes, and represents a significant advancement in removing technical and commercial friction in the adoption of Anoto functionality.
Anoto will incorporate Talario’s document printing and document capture components into its core offering, along with supporting web services. This integrated offering will enable general purpose use of Anoto technology with documents or forms printed from any existing software application, making it faster and easier to incorporate digital pen and paper into personal and business workflows.
In addition to making document capture more automated and controlled, businesses and developers will find it easier to integrate and implement higher value solutions based on digital handwriting data and digital paper documents.
“By following normal user processes for printing documents, Xpaper software makes using Anoto’s digital paper as natural as using regular paper. And by automatically creating PDF copies after writing with a digital pen, it is very easy to integrate these documents into existing processes,” said Tim Aughenbaugh, president of Talario. “We are excited that this functionality will now be more tightly integrated into Anoto’s offering, which will open the benefits of digital writing to any individual or business.”
“The acquisition of the Xpaper technology from Talario is another important step in our strategy to offer easy to use digital pen solutions“, said Anoto CEO Stein Revelsby. “The need for businesses to reduce their spending on document paper flow is larger than ever. Anoto’s mission is to help businesses save time and money by providing easy to use digital writing tools. ”
The purchase price amounts to USD 750,000 and will be paid through a share issue of 1,887,005 new shares in Anoto Group in connection with closing of the acquisition plus future royalties paid to Talario. The share issue will be made in accordance with the authorization from the annual general meeting 2011 and is a dilution of 1.4%.
Talario personnel will consult with Anoto on business development and product development of the technology, with Tim Aughenbaugh taking responsibilities as Vice President of Business Development for Applications at Anoto.
Anoto Group AB may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 09:00 AM on December 7, 2011.
For more information please contact:
Stein Revelsby, CEO
Anoto Group AB
Tel: +46 (0)733 45 12 05
About Anoto Group
Anoto Group is the company behind and world leading in the unique technology for digital pen and paper, which enables fast and reliable transmission of handwritten text into a digital format. Anoto operates through a global partner network that focuses on user-friendly solutions for efficient capture, transmission and storage of data within different business segments, e.g. healthcare, bank and finance, transport and logistics and education. The Anoto Group has around 80 employees, offices in Lund (head office), Boston and Tokyo. The Anoto share is traded on the Small Cap list of OMX Nordic Exchange in Stockholm under the ticker ANOT. For more information: www.anoto.com.
