Monotype Imaging, showing further signs of adapting the old-school world of typographic design to the new era of technology, has acquired privately owned Ascender for $10.2 million.
The Woburn, Mass.-based company has been ramping up its effort to adapt to new media where fonts are used, launching its Web-based font service in September. The Ascender acquisition--for $7 million in cash and $3.2 million in stock--gives them a foothold in the smartphone world.
That's because Ascender designed typefaces including Droid for Google's Android operating system and Segoe WP for Microsoft's Windows Phone 7. The company … Read more