TRIVANTIS CORPORATION ANNOUNCES AGREEMENT IN PRINCIPLE TO ACQUIRE FLYPAPER STUDIO, INC.
11-May-2011 | News-Press Release
Cincinnati, OH, May 11, 2011– Charles J. Beech, CEO and Chairman of the Board of Directors of Trivantis, the company behind the successful Lectora eLearning brand, today announced the Company’s agreement in principle to acquire its partner Flypaper Studio, Inc., providers of the leading Flash content creation and digital signage platform. The announcement was made during the welcoming remarks at Trivantis’ 2011 Lectora User Conference. The transaction combines Trivantis’ deep expertise and relationships in the eLearning industry and the new markets offered in Flash and Digital Signage markets served by the Flypaper platform.
Beech will continue as Chairman and CEO and Don Pierson will remain as President of Flypaper Studio and will be appointed Executive Vice President and member of the Board of Directors of Trivantis Corporation.
“This is a great opportunity for Trivantis and Flypaper Studio to explore new markets, not only in the eLearning business, but also in the rapidly expanding digital signage market,” said Beech. “We’re also looking forward to tapping into Flypaper’s impressive expertise, and I am particularly pleased to be working closely with Don, who is an innovator and industry thought-leader.”
“Our partnership with Trivantis has been a great success, so this combination seemed like a natural evolution of our relationship,” said Pierson, President and Founder of Flypaper Studio. “As a result, Flypaper Studio will make the most of Trivantis’ impressive sales and marketing resources. While the Lectora brand is well known in the eLearning space, the Flypaper brand is equally known in the digital signage space. We are excited for the marriage between these two areas of expertise.”
About Trivantis Corporation
Trivantis Corporation produces Lectora, the world’s leading e-Learning software, used by most Global 2000 companies. Lectora is sold in over 70 countries and is offered in six languages. Trivantis Corporation also develops CourseMill learning management system and provides Custom Development Services. The latest release by Trivantis includes Snap! by Lectora, easy-to-use PowerPoint plug-in e-Learning software that rapidly converts PowerPoint to Flash. Headquartered in Cincinnati, Ohio, Trivantis Corporation also has offices in Boca Raton, Paris, London and Beijing. Website: www.Trivantis.com. Trivantis, Lectora and CourseMill are trademarks of Trivantis Corporation.
About Flypaper Studio
Flypaper Studio, Inc. is the developer of Flypaper, the leading Flash content creation platform. Flypaper empowers programmers and non-programmers alike to create, edit, share, track and reuse high-impact Flash and video content. Users benefit from hundreds of already available templates and components, or can create their own quickly and easily, with no prior development experience. Output from the application rivals the interactivity and quality of custom Flash development, but in a fraction of time and cost typically associated with such projects. For more information, visit www.Flypaper.com.
SHIFT Communications for Trivantis
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