Leading digital writing and drawing solutions firm Anoto has offered its own technology platform and branded products enabling high-precision pen or stylus input on nearly any surface — from capturing and digitising handwritten notes and business forms on paper to designing, creating and collaborating directly on large interactive displays, whiteboards, and walls up to 24 feet.
Meanwhile, Livescribe is a licensee of Anoto’s technology, but is also a leading maker of smartpens, which, as the company says, ‘bring notes, words, and ideas to life by connecting pen and paper to the digital world.’
Now, in a deal expected to ‘close later this month’ Anoto will acquire and fully integrate Livescribe, enabling Anoto to ‘broaden its product portfolio, extend its business into the consumer market and retail distribution, and add a best-in-class digital note-taking solution to its other key solution areas, including creative solutions, collaborative solutions, and document processing and management.’
Being a direct part of Anoto will also help Livescribe ‘innovate faster, address new market opportunities beyond note-taking and the consumer segment, and continue to design, develop, and distribute next generation smartpen products.’
Stein Revelsby, CEO of Anoto said: “Acquiring Livescribe is another important step in consolidating the Anoto ecosystem and realising synergies in hardware and software development, supply chain and operations, and sales distribution.
“We are already working on a new range of products to be launched in Livescribe’s sales channels in 2016.”
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Founded in 2007, Livescribe’s smartpens ‘allow students, business people, journalists, and anyone who values pen and paper note-taking to capture, access, and share everything they write, draw, and hear. With products geared toward both desktop and mobile users, Livescribe brings smartpen technology to business, consumers, and creatives wherever and however they work.’
Gilles Bouchard, CEO of Livescribe said: “By joining forces with Anoto, we see huge potential for smartpen technology to expand beyond the consumer market and beyond writing and drawing on paper.
“We’ve had a successful licensing partnership with Anoto since Livescribe was founded and I am confident that becoming part of Anoto Group will strengthen Livescribe’s position in the consumer market and allow us to pursue many exciting new opportunities in the years to come.”
As part of this agreement, Anoto is acquiring Livescribe’s entire business operations, technology, and intellectual property. The Livescribe brand and existing infrastructure will be retained, with a goal of strengthening the position of both companies through the development and sale of new products.