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Roxio to Acquire MGI Software

Roxio Adds Consumer Photo Editing and Video Editing Software to Its Family of Products (December 04, 2001)
Roxio, Inc. today announced that it has signed an agreement to acquire all of the outstanding shares of MGI Software Corp., a provider of visual media software, in a stock-for-stock transaction.

The combination of Roxio and MGI is key to Roxio's long-term strategy of providing a suite of digital media products and is expected to result in a product line-up for consumers to enjoy digital media. Roxio and MGI's products are sold via licensing and partnerships with many PC and digital device manufacturers including Dell, Compaq, IBM, Gateway, Sony, Toshiba, Microsoft, Intel, Lexmark and Palm as well as via retail distribution channels such as Best Buy, CompUSA, Costco, Staples and Office Depot.

Once the transaction is completed, Roxio's product portfolio will include the following software products:

CD recording products including: Easy CD Creator (for Windows) and Toast (for Macintosh)

PhotoSuite -- photo editing software to edit, organize and share photos.

VideoWave -- a video editing tool that allows business and home users to create videos for the Web, CD, DVD, VCD and VHS.

GoBack -- system recovery software that allows user to "go back" in time and recover from system crashes and virus attacks.

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Related Keywords:DV Format, Roxio, Inc., agreement to acquire, MGI Software Corp., visual media software, video editing, consumer

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