Monotype Imaging Holdings Inc. (Nasdaq: TYPE), a leading global provider of text imaging solutions, today announced the appointment of Daniel Gerron to the new position of vice president of business development. In this new role, effective Sept. 15, 2008, Gerron will identify and develop new business opportunities to drive future growth.
Gerron brings to Monotype Imaging more than 17 years of business planning and financial analysis experience. Most recently, he served as vice president of mergers and acquisitions at Pitney Bowes Inc. (NYSE: PBI), a leading global provider of mail processing equipment and integrated mail solutions, where Gerron oversaw mergers and acquisitions activities worldwide for the company’s $650 million Software and Marketing Services businesses. Prior to Pitney Bowes, Gerron spent 11 years at MapInfo Corp., a location intelligence software company, where Gerron provided financial analysis and operational oversight for the company’s strategic planning, product management and mergers and acquisitions efforts. Between 2003 and 2007, MapInfo’s market valuation increased 10-fold, resulting partly from the implementation of an aggressive acquisition plan, which Gerron coordinated in support of the company’s location intelligence solutions strategy.
Gerron holds a bachelor’s degree in Asian studies and a master’s degree in business administration from the University of Texas at Austin.
“Dan brings to Monotype Imaging not only a strong background in business planning and finance but also invaluable international experience, particularly in Europe and Asia,” said Doug Shaw, president and chief executive officer of Monotype Imaging. “Dan also brings determination and drive, qualities that will fit right in with our management and staff. He will be a key contributor to growing our company successfully.”
This press release may contain forward-looking statements, including those related to the effectiveness of Monotype Imaging’s new vice president of business development, that involve risks and uncertainties that could cause the company's actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: risks associated with changes in the demand for the company's products or increased competition, which may result in the company losing customers or force it to reduce prices; risks associated with the development and market acceptance of new products or product features; risks associated with the company's ability to adapt its products to new markets and to anticipate and quickly respond to evolving technologies and customer requirements; and risks associated with the ownership and enforcement of the company's intellectual property. Additional disclosure regarding these and other risks faced by the company is available in the company's public filings with the Securities and Exchange Commission, including the risk factors included in the company's Annual Report on Form 10-K, as amended, for the year ended December 31, 2007. While Monotype Imaging may elect to update forward-looking statements at some point in the future, the company specifically disclaims any obligation to do so.
About Monotype Imaging
Monotype Imaging is a global provider of text imaging solutions for manufacturers and developers of consumer electronics devices including laser printers, copiers, mobile phones, digital televisions, set-top boxes, digital cameras and software applications and operating systems. The company also provides printer drivers and color imaging technologies to OEMs (original equipment manufacturers). Monotype Imaging technologies are combined with access to more than 10,000 typefaces from the Monotype®, Linotype® and ITC® typeface libraries – home to some of the world’s most widely used designs, including the Times New Roman®, Helvetica® and ITC Franklin Gothic™ typefaces. Fonts are licensed to creative and business professionals through custom font design services, direct sales or e-commerce portals. Monotype Imaging offers fonts and industry-standard solutions that support all of the world’s major languages. The company is based in Woburn, Mass., with regional offices in the U.K., Germany (Linotype), Mt. Prospect, Ill., Redwood City, Calif., Boulder, Colo., Japan and China. Information about Monotype Imaging and its products can be found at www.monotypeimaging.com, www.fonts.com, www.linotype.com, www.monotypefonts.com, www.itcfonts.com, www.customfonts.com, www.fontwise.com, www.fonts.hk and www.faces.co.uk.
Monotype is a trademark of Monotype Imaging Inc. registered in the U.S. Patent and Trademark Office and may be registered in certain jurisdictions. Times New Roman is a trademark of The Monotype Corp. registered in the U.S. Patent and Trademark Office and may be registered in certain jurisdictions. ITC is a trademark of International Typeface Corp. registered in the U.S. Patent and Trademark Office and may be registered in certain jurisdictions. ITC Franklin Gothic is a trademark of International Typeface Corp. and may be registered in certain jurisdictions. Linotype is a trademark of Linotype GmbH registered in the U. S. Patent and Trademark Office and may be registered in certain jurisdictions. Helvetica is a trademark of Linotype Corp. registered in the U.S. Patent and Trademark Office and may be registered in certain jurisdictions in the name of Linotype Corp. or its licensee Linotype GmbH. All other trademarks are the property of their respective owners. © 2008 Monotype Imaging Holdings Inc. All rights reserved.
Mary Norton, 781-970-6120
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