Iomega Acquires Asimware, CD-RW Software

Iomega has acquired the software division of Asimware Innovations, a Canadian developer that specializes in CD-RW technology. Iomega entered the CD-RW market in 1999 with the introduction of the ZipCD, and have recently released the Predator CD-RW to strengthen their presence in that market. Iomega is expected to release a product based on Asimware technology later this year. According to Iomega:

Iomega Corporation today announced that it has acquired the software product line of Asimware Innovations Inc., a Canadian developer of CD-RW software technology, as an investment in Iomegais rapidly growing software solutions business.

"Weire pleased to announce this acquisition, which builds additional core competencies in software needed for the next stage of growth at Iomega," said Bruce Albertson, president and chief executive officer, Iomega Corporation. "This acquisition is expected to make tangible contributions to our software and CD-RW product lines this year."

Under the agreement, the Asimware software engineering team will immediately join Iomegais software division. In the fourth quarter of 2001, Iomega expects to introduce full-featured optical drive software which includes a unique "skins" technology that enables users to customize the look and feel of their software.

Iomega expects to offer new software using Asimware technology in future CD-RW software bundles that will be available in the retail channel. Iomegais current CD-RW software bundles include Roxio, Easy CD Creator and DirectCD software for Windows PCs, and Toast software for Macintosh computers.

You can find more information about Iomegais CD-RW products at the Iomega Web site.