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LuraTech GmbH
eNews Flash 3/2004
28 August 2004
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LuraTech on expansion course following management buy-out
Algo Vision LuraTech is to become LuraTech once again. After parting
ways with the Algo Vision Group, the management team is taking over the
business and will head the company under its old (and now new) name
LuraTech GmbH.
LuraTech will concentrate its work on the further development of both
JPEG2000 product families, LuraDocument.jpm and LuraWave.jp2.
The management buy-out is an important milestone. LuraTech's compression
solutions are highly desirable, as the steadily-growing demand shows.
The MBO will give LuraTech additional funds which will be invested
principally in the development of new products as well as the
expansion of the international distribution network.
The basic strategy of offering easy-to-integrate, standard conform
toolkits and enterprise-class support for industry and public authorities
remains unchanged. The new ownership will have no effect on existing
business connections, as the name change has not affected contact persons
nor their areas of responsibility within the company.
Carsten Heiermann will continue as Managing Director of the Berlin-based
LuraTech GmbH and President of LuraTech, Inc. with headquarters in
Redwood City, California. In addition he works as Managing Director of
the holding-company LuraTech Imaging GmbH in Remscheid, Germany.
Please address your general or sales related questions to:
For technical questions please contact:
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About LuraTech GmbH
LuraTech is a leading provider of compression software technology for
images and documents as well as JPEG2000 implementations. The company
delivers easy-to-integrate, open-standard products, coupled with
enterprise-class support for public and private sector organizations.
Leveraging JPEG2000, the LuraWave.jp2 and LuraDocument.jpm products
make the compression of color images faster, more feature-rich and
affordable than ever before.
Organizations around the world have adopted LuraTech products,
including Avision, Canon, Corel Corporation, D~rr Dental, EADS,
European Space Agency, FujiFilm, IMAGE PRO, IXOS SOFTWARE,
Kodak Medical, Minol, NYPD, ReproZentrum Rosenberger, Scanpoint and
VITRONIC. LuraTech, a profitable company founded in 1995, is
headquartered in Germany with offices throughout Europe and the U.S.
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