PhotoSuite & Co. acquired by Roxio

4th December - 2001
By Ian Burley

MGI Software Corp., the Canadian company that brought us the PhotoSuite family of easy to use digital image editing software packages, has been snapped up by Roxio, Inc. - a new company that was spun out of Adaptec, famous for its SCSI and Firewire adapter products, earlier this year.

Besides PhotoSuite, MGI has established itself as a leading player in the digital movie editing and DVD player software market. MGI has also invested in server-based digital image management services for commercial customers. Roxio was borne out of the Adaptec division that produced Easy CD Creator software for burning your own CDs. Roxio recently released a DVD content management and recording package called VideoPack5 (click here).

Quoted from today’s press release: "This transaction is highly synergistic from both a product portfolio and marketing and distribution standpoint and provides significant leverage in advancing Roxio's vision as the leader in digital media software," stated Roxio's President and CEO Chris Gorog. "Digital photography is moving into mainstream adoption and we believe digital video is the next area of high growth. Having the number one consumer editing software for these two fast growing categories positions Roxio well for continued success and future growth as hundreds of millions of new consumers are expected to come into the digital media space over the next several years. In addition to the nearly 100 million customers already using Roxio and MGI software, this provides us with a great base to continue to broaden our business."

At DPN, we highly rate the products of both companies. They are in a market sector that continues to experience high growth, against the general trend, though competition is increasing.

www.mgisoft.com

www.roxio.com

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