----- Original Message -----
From: Optelec
To: jacob@xxxxxxxxxxxxx
Sent: Monday, November 16, 2015 6:15 PM
Subject: Freedom Scientific and Optelec Join Forces in Assistive Technology
Merger
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FOR IMMEDIATE RELEASE:
Freedom Scientific and Optelec Join Forces
in Assistive Technology Merger
ST. PETERSBURG, FL and BARENDRECHT, THE
NETHERLANDS - NOVEMBER 16th, 2015 - Freedom Scientific and Optelec announced
today that the two companies have merged to create the world's largest
assistive technology provider for the visually impaired. The two companies have
a long history of providing innovative technology solutions that enable blind
and low vision individuals to reach their full potential - to gain an
education, obtain employment, succeed in professional careers, and live
independently throughout their lives.
"Combining our complementary businesses gives us
the broadest portfolio in the industry and unmatched worldwide distribution and
customer support," said John Blake, CEO of Freedom Scientific. "The combined
company will be able
to offer customers a broad portfolio of
well-known brands of video magnifiers, scanning and reading solutions,
refreshable Braille displays, and the industry's most recognized screen reading
software, JAWS® for Windows."
"Our employees are energized by the capability
that results from this merger and we are eager to start working together to
deliver market leading solutions, training and support to the broadest audience
of blind and low vision users," said Maarten Bosch, CEO of Optelec.
Both companies were recently acquired by Vector
Capital, a San Francisco based firm that invests in market leading global
technology companies.
"We are excited to bring together two of the
industry's leading companies to create a global, diversified end-to-end
technology provider to the low-vision and blind community," said Andy Fishman,
a Managing Director at Vector Capital. "The combination, integration and
platform created will enable continued investment, support and growth for the
combined company."
The combined holding company will retain the
individual Freedom and Optelec brands and product portfolio as the two
businesses work on the integration and realization of all the anticipated
customer benefits.
About Freedom Scientific
Freedom Scientific is a leading worldwide
provider of assistive technology products for those with vision impairments.
Freedom Scientific is headquartered in St. Petersburg, Florida with offices in
Switzerland. The Company's products have been translated into 24 languages and
are available in 70 countries. For more information, please visit
www.FreedomScientific.com.
Media Contact:
Brad Davis
Email: info@xxxxxxxxxxxxxxxxxxxxx
Phone: (800) 444-4443 / (727) 803-8000
About Optelec
Optelec is a leading global distributor, designer
and manufacturer of life-changing assistive technologies for people who are
visually impaired & blind. Optelec is headquartered in Barendrecht, the
Netherlands with offices in the US, Belgium, Canada, Germany and the United
Kingdom, offering multi-tier distribution in more than 70 countries worldwide.
For more information, please visit www.Optelec.com.
Media Contact:
Stephan Terwolbeck
Email: info@xxxxxxxxxxx
Phone: (800) 826-4200
About Vector Capital
Vector Capital is a leading global private equity
firm with over $2.5 billion under management specializing in transformational
investments in established technology businesses. Vector actively partners with
founders and management teams to devise and execute new financial and business
strategies that materially improve the competitive standing of these businesses
and enhance their value for employees, customers and shareholders. Among
Vector's notable investments are Aladdin Knowledge Systems, Allegro
Development, Cambium Networks, Certara, ChyronHego, CollabNet, Corel, IPVALUE
Management, LANDesk Software, Niku, Gerber Scientific, RAE Systems,
Register.com, Saba Software, SafeNet, Technicolor, Teletrac, Tidel, Triton
Digital, WatchGuard Technologies, and WinZip. For more information, please
visit www.vectorcapital.com.
Media Contact:
Jonathan Gasthalter /John Christiansen
Sard Verbinnen & Co
(212) 687-8080 / (415) 618-8750
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