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Friday, May 2, 1997 < Prev Next >

Visio buys assets of Illinois software developer

Visio Corp. said it has acquired certain assets of Lombard, Ill.-based SysDraw Software Co. Seattle-based Visio will pay at least $6.5 million for SysDraw's library of network diagraming shapes, an operating organization for creating new network diagraming shapes and certain other technology and assets. Visio will hire 12 SysDraw employees for a new Visio office in Lombard, and may pay additional fees if SysDraw products meet performance goals within the next three years. Visio is a supplier of business diagraming and technical drawing software.

Puget Sound Business Journal

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