FRANCE - XAnge sells Vision
XAnge Private Equity has completed its second exit of 2009, selling its interest in software company Vision Objects to US-based strategic buyer DoubleDay Holdings.
Vision is a French software company pioneering multi-lingual handwriting recognition software, which supports 87 languages for digital pens, PDAs, Tablet PCs, Graphic Tablets and mobiles. The company's main product, MyScript, is a software solution that supports all major operating systems, including Windows, Linux, Palm OS, and Symbian. The company founded in 1988 by Stefan Knerr.
XAnge originally provided Vision Objects with EUR 2m first-round investment in 2005.
The deal is XAnge's second exit of the year, following the sale of Acticall, a client relationship business, to Creadev in July.
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