Monday, August 4, 2008

Digimarc Splits Digital Watermarking Business

Beaverton, Oregon-based Digimarc Corporation said Monday that it has spun off all of its assets and liabilities related to the firm's digital watermarking business, into a new company. The move is part of the firm's sale of its ID systems operations to L-1, which is worth $310M to the company. According to Digimarc, the firm's assets and liabilities related to its digital watermarking business have been part of DMRC LLC, which has merged into newly created DMRC Corporation. Digimarc agreed to sell its ID systems operation to L-1 earlier this year, originally for $263M; the price was upped to $310M after an unsolicited bid from L-1 competitor Safran.