4/27/2005 - TAK Imaging, a leading innovator in dedicated imaging processors and solutions, said it has received an additional $10 million from its venture partners to support a family of new hardware and software solutions for the rapidly growing photo-enabled printer market. This summer the company plans to launch its first imaging solutions for the inkjet, dye sublimation and multi-function peripheral (MFP) categories of the photo-enabled printer market.
The new funding round includes all current investors: JVP (Jerusalem Venture Partners), Sofinnova Partners, Doughty Hanson Technology Ventures, Ventech, SPEF Venture, Innovacom and CrossBridge Venture Partners of Japan. TAK Imaging raised $16.25 million in its Series C funding round during January 2004.
"In a short time we will enter the market with very compelling solutions to power the next generation of consumer photo printers," said Doug Goodyear, CEO for TAK Imaging. "We will be a catalyst for a step change improvement in the overall photo printing experience."
Separately, the company said it has completed the acquisition of CompuMetric Labs, a Fairhope, Alabama based printer technology developer and consulting services company, to bolster its development of ready-to-customize, system-level solutions for printer OEMs.
TAK Imaging expects to leverage its R&D expertise in high speed color laser printing and photo imaging to address a range of unmet user needs in today's consumer photo-enabled printers. The company's current products such as the TAKPRO-800 SOC continue to gain market recognition for exceptional price/performance and flexibility. The TAKPRO-800 SOC powers the new Konica Minolta 2430 DL color laser printer, which has captured a number of industry awards in 2005, including the CNET Next Big Thing Award at CES in Las Vegas.
About TAK Imaging
TAK Imaging is a leader in providing the consumer photo printer market with system solutions including imaging technologies, semiconductors and software. Headquartered in San Mateo, Calif., TAK Imaging has offices in France and Japan. (The company name, formerly TAK'ASIC, Inc., was changed to TAK Imaging effective Jan. 1, 2005.) Additional company information can be found at www.takimaging.com.
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