Software Imaging Poised for Growth Following Management Buyout

Peter Lismer, Kevin Jampole, and Adam Guy complete management buyout of Software Imaging to ensure continued leadership in the printing and imaging market.

Oxford, United Kingdom – January 23, 2008 – Software Imaging, the leader in host-based printer driver technology, has today announced a management buyout (MBO) of the company in a deal designed to allow the business to continue to build on its existing success.

Backed by the Clydesdale Bank PLC, a member of the National Australia Bank Group, the transaction will enable Software Imaging to look at potential acquisitions to complement the existing business and accelerate product development plans to drive future growth.

The MBO was led by CEO, Peter Lismer and directors Kevin Jampole and Adam Guy. Peter Lismer, CEO of Software Imaging said, "I am confident that with the investment this deal has secured, the tremendous potential of Software Imaging in the printing and imaging market can now be realized. The company already has a strong management team, combined with solid technology and a proven track record - I am looking forward to continuing to work with my fellow directors, our employees, and our customers as we seek to build on our past success."

Founded in 1984, UK-based Software Imaging is well known as one of the most influential and reliable technology providers in the print and imaging industry and is the leader in host-based printer driver development for printers, digital copiers, and wide-format printers. Most recently the company has entered the high-growth mobile phone space with the release of its EasyPrint Mobile Printing System, a software development kit that allows mobile application developers to bring a true laptop-like printing experience to mobile phones. Software Imaging have licensed technology to all major suppliers of printers and digital copiers, including Canon, Epson, Hewlett Packard, Konica Minolta, Lexmark, Ricoh, Samsung, Sharp, Toshiba, Xerox, and many others.

"The Software Imaging success story to-date can be attributed to continuous investment in innovative technology and we’ll continue to follow this model," said Kevin Jampole, Sales & Marketing Director. "At the same time, we believe that the changes that result from this MBO will also allow us to re-energize our product lines and concentrate on making Software Imaging a truly customer-driven organization.”

Adam Guy, Finance Director adds, "We’ve always had an impressive customer list, a strong technology portfolio, and have consistently demonstrated ourselves to be a profitable business year after year. Our long-term vision of growth for the company is underpinned by our commitment to listen to the market and create value for our customers. Peter, Kevin and I are excited at having the freedom to pursue this vision.”

About Software Imaging

Software Imaging is well respected as one of the most influential and reliable technology providers in the print and imaging industry.

For over twenty years the company has been at the forefront of global innovation in printing and imaging software, delivering significant time-to-market and cost advantages to customers through its Printer Driver Technologies, Embedded Systems, Mobile Printing Toolkits, and Specialty Applications. With the launch of Windows Vista, Software Imaging continues to work with Microsoft on the new XPS document format.

Headquartered in the UK with offices worldwide, Software Imaging licenses technology to the world's largest suppliers of printers, digital copiers and mobile phones.

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