Press Release

Friday, January 23, 1998 < Prev Next >

Visio Acquires MarComp

Purchase Provides Visio with Key Technology for Accessing CAD Data

SEATTLE, Jan. 23 /PRNewswire/ — Visio Corp. (Nasdaq: VSIO) today announced that it has acquired MarComp, Inc., a privately held provider of programming toolkits for access to Autodesk AutoCAD .dwg and .dxf file formats, for an undisclosed number of shares of unregistered Visio common stock. Visio currently licenses MarComp's AUTODIRECT toolkit for use in its Visio® Technical and IntelliCAD® by Visio products. Visio will account for the transaction as a pooling of interests, and it is not expected that the acquisition will be materially dilutive to earnings. Two key employees of MarComp — president Matt Richards and vice president Paul Richards — will join Visio. Visio will honor all existing licenses entered into by MarComp, including those with other CAD and graphics software vendors.

About Visio Corp.

Visio Corp., a leading supplier of enterprisewide business diagramming and technical drawing software, was founded in September 1990. The Seattle-based company pioneered the drawing and diagramming market with the release of Visio 1.0 in November 1992 and has since released additional Microsoft Windows-based products for the creation and exchange of drawings and diagrams in business. Visio's powerful product architecture, combined with partner programs and third-party relationships in key market segments, is establishing Visio as a desktop platform standard for the creation of graphical solutions. The company currently markets the Visio product line in nine languages and in more than 40 countries, with more than 1.8 million users throughout the world.

Customers can contact Visio at 800-24-VISIO (248-4746), reference 93W, or visit the Visio Web site at http://www.visio.com/ to obtain more information on any Visio product.

NOTE: Visio and IntelliCAD are either trademarks or registered trademarks of Visio Corp. in the United States and/or other countries. All other trademarks, trade names or company names referenced herein are used for identification only and are the property of their respective owners.

SOURCE Visio Corp.

/NOTE TO EDITORS: Visio's news releases and other relevant materials can be retrieved from Visio's virtual pressroom at http://www.visio.com/pressroom/. To be notified via e-mail of breaking Visio news, send e-mail to visionews@wagged.com with your e-mail address in the body of the message./

/CONTACT: investors/analysts, Leslie Deitz of Visio Corp., 206-521-4546, or leslied@visio.com; or press, Rob Curran of Waggener Edstrom, 425-637-9097, or robc@wagged.com, for Visio Corp./

/Company News On-Call: http://www.prnewswire.com or fax, 800-758-5804, ext. 107036/

/Web site: http://www.visio.com/ and http://www.visio.com/pressroom/ /

(VSIO) CO: Visio Corp.; MarComp, Inc. ST: Washington IN: CPR SU: TNM

KF-RB — SFF021 — 4806 01/23/98 18:09 EST http://www.prnewswire.com

Source page: http://www.thefreelibrary.com/Visio+Acquires+MarComp-a020184929