Radiant Imaging (Redmond, WA, USA) and Zemax Development (Bellevue, WA, USA) have merged, backed by capital from Evergreen Pacific Partners (Seattle, WA, USA), a move that the companies say will enable them to better serve and grow existing markets, as well as create new products. As part of the merger, Paul Caragher, who most recently was president of Tektronix Service Solutions, a test and measurement services provider, will become chief executive of the combined companies.
Radiant Imaging is a test and measurement business for measuring light and color. Its systems are used in lab and production environments for products such as flat panel displays, phones, and LED devices. Zemax Development offers engineers and designers a software platform for creating optical systems, including lenses, cameras, projectors, scopes, and instruments.
The lighting market is undergoing a significant shift to more energy-efficient LED lights, and devices such as tablets and smartphones are expected to proliferate in 2011 and beyond. By combining their expertise and resources, Radiant and Zemax will offer a powerful, end-to-end solution for developers designing, testing, and producing the next generation of display devices and LED lighting.
In the short term, the combined companies will be located in a single facility in Redmond, WA, and operate under their respective brands, while expanding customer outreach and technical support functions and beginning to integrate their technologies. Founders of both companies are remaining in executive leadership and product development roles with a goal of dramatic company expansion in the next three to five years through organic growth as well as strategic acquisitions.
SOURCE: Radiant Imaging
--Posted by Vision Systems Design