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Thursday March 5, 1:16 pm Eastern Time
Company Press Release
Paragraph PI Technology Partners with Digital River for Online Sales of Handwriting Recognition Product
MINNEAPOLIS, March 5 /PRNewswire/ -- Digital River, Inc., announced today that it has signed an agreement with ParaGraph PI Technology, a Silicon Graphics (NYSE: SGI - news) company, to provide the electronic commerce technology and management for Internet sales of ParaGraph's CalliGrapher(R) natural handwriting recognition software through ParaGraph's Web Site.
ParaGraph's CalliGrapher(R) 5.0 for the Windows(R) CE operating system offers natural handwriting recognition technology for all styles -- cursive, print or mixed. CalliGrapher accurately creates text from script written directly on the screen of any handheld PC.
Joel Ronning, Digital River's president and chief executive officer, said, ''CalliGrapher software represents the kind of innovation and consumer appeal that is fueling the exciting growth of Internet commerce. We're delighted to partner with ParaGraph in making this product easily available to consumers through Internet download.''
Stepan Pachikov, vice president of Silicon Graphics and general manager of ParaGraph PI, said, ''Now that the online software market is taking shape, we are very pleased to partner with one of the frontiers of electronic commerce. The flexible and responsive service of Digital River brings an additional value to the CalliGrapher software.''
Digital River provides software developers and online retailers with the secure delivery technology and infrastructure necessary to effectively market and distribute software products to end users through the Internet.
A subsidiary of Silicon Graphics, Inc., ParaGraph PI Technology develops and markets Digital Ink and networking software products and technologies, including CalliGrapher} handwriting recognition, HodoGraph(TM) compression, and MorphInk(TM) auto-morphing and animation technologies. ParaGraph products are based on the R&D work of ParaGraph International Inc., which was founded in 1989 and was acquired by Silicon Graphics in 1997. For more information, visit the ParaGraph PI site at www.paragraph.com.
Digital River, Inc., based in Minneapolis, is the world's largest source of software inventory on the Internet. Digital River's proprietary technology for Internet delivery of software and other digital products is now in use by more than 1,100 software publishers and online dealers. The company has 12 patents pending, covering digital delivery, commerce and encryption systems. As adjusted for a private placement of stock which is currently in process, Tech Squared, Inc. (OTC Bulletin Board: TSQD - news) controls approximately 28 percent and Fujitsu Limited of Japan owns 19 percent of Digital River's common stock. For more information visit the Digital River Web site at digitalriver.com. |
