November 01, 1999 08:01
MGI Software Dominates Worldwide Retail Channels for Windows Consumer Photo
Editing Software
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TORONTO--(BUSINESS WIRE)--Nov. 1, 1999--MGI Software Corp. (TSE:MGI) the company that pioneered PC photography and
Internet imaging, today announced it captured the lion's share of worldwide retail unit shipments, and revenue earnings of
Windows-based consumer photo editing software in 1998. The company's PhotoSuite line of PC photo software garnered an industry
leading 38.3% share of unit shipments and a 28.3% share of revenue. Market researcher Dataquest, San Jose, Calif., made the
findings in its September 1999, "Photo Editing: One Size Does Not Fit All" report.
"Since our inception in 1995 the marketplace have chosen MGI Software as its favorite source for photography software," said
Anthony DeCristofaro, president and CEO, MGI Software. "Our products have continued to lead the market by delivering innovative
design and incredible value. It is this clear leadership at retail, which will be the catalyst to making our products more ubiquitous
through OEM licensing and online sales."
According to the Dataquest report, MGI Software gained its position as a worldwide leader by securing the largest percentage of
revenue and retail unit shipments in U.S., Canada, Europe and Asia Pacific. Interestingly, Live Picture, recently acquired by MGI
Software, came second overall with 12.8% of unit shipments and 20.1% share of revenue.
About MGI Software
Founded in 1995, MGI Software is one of the world's leading digital media companies. The company's early focus on delivering
digital media editing technology to the mass market has led to leadership in digital imaging and video editing worldwide. MGI
Software recently broadened its market to business and online users of photography by acquiring the assets of Live Picture and
expanded its technological leadership to encompass all digital entertainment media with the acquisition of Zoran's SoftDVD
business. Through its ever-growing network of partnerships with major consumer electronics manufacturers, computer hardware and
software vendors, photo retailers and the entertainment industry, MGI Software is uniquely positioned to harness the revolution
shaping our digital lifestyles. MGI Software employs over 200 people with offices in North America, Europe, Pacific Rim, and Japan.
MGI Software is publicly traded on The Toronto Stock Exchange. For more information visit mgisoft.com.
(c) MGI Software Corp., 1999. MGI, MGI PhotoSuite, MGI VideoWave, SoftDVD MAX, Pure DIVA and Live Picture are trademarks
or registered trademarks of MGI Software Corp. All other company and/or product names are trademarks and/or registered
trademarks of their respective manufacturers.
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