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News Breaks | | | | October 30, 2012 | | 07:41 EDT |  | TYPE | Monotype Imaging acquires Design by Front Limited
Monotype Imaging has acquired Design By Front Limited, developers of the Typecast application, a browser-based tool for designing Web pages with Web fonts. Monotype acquired all outstanding shares for up to $5.1M in cash. Monotype paid $2.6 million in cash upon closing, with an additional $100,000 accrued pending final adjustments, with the remainder to be paid contingent on attainment of certain performance criteria through 2014. | |
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