Pacific Northwest Getty Images of Seattle said yesterday that it acquired Photonica West from Amana Group of Tokyo for $51 million cash...
Getty Images of Seattle said yesterday that it acquired Photonica West from Amana Group of Tokyo for $51 million cash.
Photonica produces and distributes collections of high-end rights-managed images from Europe, the United States and Japan. The collections have limited global distribution, according to Getty, which will give the collections access to www.gettyimages.com.
Getty also plans to represent Amana’s local Japanese content in the international market. In return, Amana will offer some of Getty’s images to its customers in Japan. The two also plan to co-produce photography in Japan and elsewhere.
Sun détente sticks; single sign-on OK’dMicrosoft and Sun Microsystems agreed to work together to give computer users the same login name for Web sites that use both companies’ technologies.
A single sign-on for Microsoft’s Windows Server, Sun’s Solaris operating system and the Java programming language has been the top customer request, Sun Microsystems Chief Executive Officer Scott McNealy said. The single sign-on helps reduce costs and complexity to integrate systems using the products.
The agreement announced yesterday in Palo Alto, Calif., with Microsoft Chief Executive Officer Steve Ballmer is part of the two executives’ efforts to mend ties after settling a decadelong feud a year ago.
Separately yesterday, Toshiba said it had signed a patent-cross-licensing pact with Microsoft that will enable the two companies to use each other’s patents freely in the computer- and audio visual-equipment sectors. No other details were given.
Stock sale to raise about $7.8 millionBellevue’s Onyx Software, which develops customer-relationship management software, said yesterday that it will raise about $7.8 million by selling stock to three Onyx board members and its chief financial officer. The company will sell 2,825,097 shares in the private placement at $2.78 each, the stock’s closing price Thursday. The company, which had cash and cash equivalents of $11.4 million at the end of the first quarter, said it will use the money for working capital and general corporate purposes.
Alexander Hutton, Windswept mergeWindswept Capital and Alexander Hutton said yesterday that the two Seattle investment banks have merged.
The merger was completed earlier this month; specifics of the transaction were not disclosed.
Tom McDowell, a senior vice president of Alexander Hutton, formerly of Windswept, said his firm will benefit from Alexander Hutton’s international presence. Likewise, he said Alexander Hutton will benefit from Windswept’s Northwest presence.
McDowell said the company has fewer than 20 employees combined and will most likely operate under the Alexander Hutton name.
Compiled from Seattle Times business staff, Bloomberg News and The Associated Press