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Home > Company Index > Computer Software & Services > Multimedia Production, Graphics & Publishing Software > Micrografx, Inc.

Micrografx, Inc.
Nasdaq: MGXI
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 NEWS FROM THE STANDARD
Corel Buys XML Developer SoftQuad
Aug 07 2001 03:53 PM PDT

 PROFILE
Need to create a flashy, interactive sales chart showing dwindling sales? Micrografx makes graphics software used to design everything from organizational charts to Web sites. Customers use its process management tools (iGrafx Process 2000 and Flowcharter 2000) to create interactive diagrams and simulations of corporate processes and structures. The company's iGrafx Designer software is used for technical and mechanical drawings, including computer-aided design. Europe accounts for about half of sales. To offset losses, the company has cut its workforce and is reorganizing, focusing on corporate customers. In 2001 the company announced plans to be acquired by Corel, a provider of graphics and office productivity software.

 COMPETITION
Adobe Systems Incorporated (ADBE)
Macromedia, Inc. (MACR)
Quark, Inc. (dossier)

 DEALS
Deal: Corel Snaps Up Micrografx
Date Announced: 07.16.01
Value of transaction (US $Mil): Not Disclosed
Description: Graphics and illustration product provider acquires process and graphics software company in an all-stock transaction.

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 36.30
1-Yr. Sales Growth: (36.3)%
Employees: 187
Revenue per employee: $194,117.65

 KEY PEOPLE
• James L. Hopkins
    CEO
• Greg DeWitt
    CFO

 CONTACT INFO
8144 Walnut Hill Ln., Ste. 1050
Dallas, TX 75231
US
Phone: 469-232-1000
Fax: 469-232-1194
Online: Web Site

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