CreoScitex acquired Carmel Graphics Systems in a $8.5 million combined cash and stock transaction. The company’s CEO and founder is the ExScite Dov Berliner
On June 6, 2000 Creo Products announced its acquisition of Carmel Graphics Systems in a $8.5 million combined cash and stock transaction. Cannel Graphics Systems is a desktop publishing, pre-press, and print-on-demand software development company based in Toronto, Ontario, Canada. The terms of the acquisition call for six Carmel Graphics employees, including the management team, to transfer to Creos CreoScitex graphic arts division. Creo will integrate Cannel Graphics View-IT and Submit-IT technology into the Prinergy InSight browser-based proofing and job tracking tool distributed by its CreoScitex division. View-IT is an Internet-based client/server portal providing remote collaboration and observation of jobs plus support for remote proofing and approval of jobs. Submit-IT allows users to send and receive files over the Internet with job tickets, dockets, and other forms of appended information. It also tracks and logs all transactions.
