verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . january 2010 learn how and when to remove this template message monotype imaging type public traded as nasdaq type founded 1887 ; 129 years ago 1887 as lanston monotype machine company philadelphia pennsylvania u.s. headquarters woburn massachusetts u.s. key people robert l. lentz chairman 1 website monotype.com monotype imaging holdings inc. nasdaq type is a delaware corporation based in woburn massachusetts . it specialises in digital typesetting and typeface design as well as text and imaging solutions for use with consumer electronics devices . 2 monotype imaging holdings and its predecessors and subsidiaries have been responsible for many developments in printing technology in particular the monotype machine which was the first fully mechanical typesetter and the linotype machine and the design and production of typefaces in the 19th and 20th centuries . monotype developed many of the most widely used typeface designs including times new roman gill sans arial bembo and albertus . monotype has carried out a series of acquisitions from 2000 onwards of companies such as linotype gmbh international typeface corporation bitstream inc. and fontshop . this has gained it the rights to many further widely known designs including helvetica itc franklin gothic optima avant garde palatino and ff din . it also owns the myfonts online retailer used by many independent font design studios . contents 1 history 1.1 monotype system 1.2 typefounding 2 decline 2.1 consolidation and reorganization 3 typefaces 4 divisions 5 see also 6 references 7 external links history edit monotype system edit main article monotype system monotype caster the lanston monotype machine company was founded by tolbert lanston in philadelphia pennsylvania in 1887 . lanston had a patented mechanical method of punching out metal types from cold strips of metal which were set hence typesetting into a matrix for the printing press . in 1896 lanston patented the first hot metal typesetting machine and monotype issued modern condensed its first typeface . the licenses for the lanston type library have been acquired by p22 a digital type foundry based in buffalo new york . in a search for funding the company set up a branch in london in 1897 under the name lanston monotype corporation ltd. in 1899 a new factory was built in salfords near redhill in surrey where it has been located for over a century . the company was of sufficient size to justify the construction of its own salfords railway station . the monotype machine worked by casting letters from hot metal molten metal as pieces of type . thus spelling mistakes could be corrected by adding or removing individual letters . this was particularly useful for quality printing such as books . in contrast the linotype machine formed a complete line of type in one bar . editing these required replacing an entire line and if the replacement ran onto another line the rest of the paragraph . but linotype slugs were easier to handle if moving a complete section of text around a page . this was more useful for quick printing such as newspapers . the typesetting machines were continually improved in the early years of the 20th century with a typewriter style keyboard for entering the type being introduced in 1906 . this arrangement addressed the need to vary the space between words so that all lines were the same length . the keyboard operator types the copy each key punching holes in a roll of paper tape that will control the separate caster . a drum on the keyboard indicates to the operator the space required for each line . this information is also punched in the paper . before fitting the tape to the caster it is turned over so that the first holes read on each line set the width of the variable space . the subsequent holes determine the position of a frame or die case that holds the set of matrices for the face being used . each matrix is a rectangle of copper recessed with the shape of the letter . once the matrix is positioned over the mould that forms the rest of the piece of type being cast molten type metal is injected . typefounding edit a sample of various monotype designs in digital format . monotype s role in design history is not merely due to their supply of printing equipment but due to their commissioning of many of the most important typefaces of the twentieth century . the company s first font of 1896 was a rather generic design now named modern influenced by bodoni and scotch roman designs . however by the 1920s the company s british branch was well known for commissioning popular historically influenced designs that revived some of the best typefaces of the past with particular attention to the early period of printing from the renaisssance to the late eighteenth century . 3 4 5 6 this series of releases was a major part of the typographic renaissance of the period an expansion of the arts and crafts movement interest in printing into the more workaday world of general purpose printing . key executives of the company in this period included historian and adviser stanley morison publicity manager beatrice warde and engineering experts frank hinman pierpont and fritz steltzer both recruited from the german printing industry although pierpont was american under managing director william isaac burch who led the company from 1924 to 1942 . 7 despite tensions within the company particularly between the historically minded faction of morison and warde and pierpont in salfords notable typefaces commissioned included gill sans times new roman and perpetua and the company maintained high standards of development allowing it to produce designs with good spacing careful adaptation of the same basic design to different sizes and even colour on the page essential qualities for balanced body text . 8 9 10 11 historian james mosley who worked closely with monotype in the 1950s and onwards has commented the english monotype corporation of the interwar years looks in retrospect rather like one of the great public bodies of the period for example the british broadcasting corporation or london transport benevolent monopolies ruled by autocrats who revelled in the role of patron of the arts on a scale exceeding that of italian renaissance princes . monotype enjoyed in britain at least something approaching a monopoly in book and better quality magazine typesetting monotype exploited the glamour of its new typefaces with brilliant publicity for which morison and his devoted young american recruit beatrice warde were partly responsible . 12 to promote its image the company ran a magazine the monotype recorder over most of the twentieth century and also ran a compositor typesetter operator training school in london . 13 in 1936 the company was floated on the london stock exchange and became the monotype corporation ltd. the american branch lagged behind the british in artistic reputation . their designs are now often rather obscure since unlike products from the british branch few have been made widely available through bundling with microsoft products . the company employed frederic goudy on several serif font projects which were well received at the time and on staff type designer sol hess who created the geometric sans serif twentieth century as a competitor to the german futura . 14 15 16 17 decline edit monotype entered a decline from the 1960s onwards . this was caused by the reduction in use of hot metal typesetting and replacement with phototypesetting and lithography in mass market printing . 18 19 20 this offered considerable efficiencies such as no need to print books from solid metal type quicker setting of type and a reduced number of operators needed . 21 22 it also promised a more diverse and exciting range of fonts than that possible with hot metal where it is necessary to own life size matrices for every size of every font to be used . 23 monotype made the transition to cold type and began to market its own monophoto phototypesetting systems but these suffered from problems . its first devices were heavily based on hot metal machinery with glass pictures of characters which would be reproduced on photographic paper replacing the matrices used to cast metal type . 24 25 while this reduced the need for retraining the resulting devices often set type slowly compared to legacy free next generation devices from providers such as photon and compugraphic and were often more expensive . its devices were slow to incorporate use of electronics and while its type library was of high quality changing tastes and the development of other companies libraries competed with this . 26 its type library was also easily pirated since fonts have only limited copyright protection . the company was eventually split into three divisions monotype international which manufactured spinning mirror switched laser beam phototypesetters ; monotype limited which continued the hot metal machines ; and monotype typography which designed and sold typefaces . a research and development department was set up in cambridge to isolate it from day to day production issues . monotype in the uk continued to enjoy prestige through the 1970s with the patronage of major british printers such as the university presses at oxford and cambridge ; it also enjoyed some success with its lasercomp laser based typesetting system from the 1970s onwards developed by the cambridge research group . 27 26 however new technology and finally publishing software such as quark xpress and aldus pagemaker running on general purpose computers ate away at its competitiveness in the market of complete typesetting solutions by the 1990s . 28 monotype however has continued in business for instance marketing typeface designs to third party buyers computing companies such as microsoft many fonts on microsoft computers in particular are monotype designed and companies and organisations such as london transport and the uk parliament requiring custom digital typefaces . 29 30 31 consolidation and reorganization edit in 1992 the monotype corporation ltd. appointed administrative receivers on 5 march and four days later monotype typography ltd. was established . cromas holdings an investment company based in switzerland bought the monotype corporation ltd. and monotype inc. excluding monotype typography and five other direct subsidiary companies in france germany italy the netherlands and singapore . monotype systems ltd. was the adopted name for the new organization with peter purdy as chairman the name monotype was under license from monotype typography ltd which retained the trademark monotype . monotype systems ltd. focused on selling pre press software and hardware raster image processors and workflow . cromas holdings reorganized its publishing interests with the formation of the international publishing asset holding ltd. effectively controlling monotype systems ltd. qed technology ltd. and gb techniques ltd. monotype systems ltd. purchased berthold communications ; the uk subsidiary of the german composing equipment supplier . in june 2002 monotype systems limited was re branded ipa systems limited as this marked the end of the existing trademark licence with monotype corporation . in the us monotype inc became alfaquest technologies limited . both companies still sell pre press software and hardware . in 1999 agfa compugraphic acquired the monotype corporation which was renamed agfa monotype . in late 2004 after six years under the agfa corporation the monotype assets were acquired by ta associates a private equity investment firm based in boston . the company was incorporated as monotype imaging with a focus on the company s traditional core competencies of typography and professional printing . monotype was the first company to produce a digital version of the handwritten persian script persian nasta liq . a chinese keyboard was developed to typeset chinese characters ; it consisted of a book with a stylus . as the pages were turned the page number was detected electrically and this was combined with the position of