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LuraTech GmbH
Press Information
26 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 GmbH, one of the leading developers of JPEG2000 compression technology
for archiving scanned documents and images, 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. Our compression
solutions are highly desirable, as the steadily-growing demand shows. The MBO
will give LuraTech additional funds which we will invest principally in the
development of new products as well as the international expansion of our
distribution network," says Carsten Heiermann, Managing Director of
LuraTech GmbH.
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 is Managing
Director of the Berlin-based LuraTech GmbH and President of LuraTech, Inc.
with headquarters in Redwood City, California.
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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, Corel
Corporation, Dürr Dental, EADS, European Space Agency, FujiFilm, IMAGE
PRO, IXOS SOFTWARE, Kodak Medical, Minol, 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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Contact LuraTech
LuraTech GmbH
www.luratech.com
Fon.: +49 (0)30 / 39 40 50-0
Fax: +49 (0)30 / 39 40 50-99
info@luratech.com
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If you have any questions or would like additional information, please contact:
Peter Lindheim / Gunhild Flöter
united communications GmbH
Tel.: +49 (0) 30 / 7890 76 0
Fax: +49 (0) 30 / 7890 76 99
luratech@united.de
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