Article: Visioneer Forms New Companies with Xerox and Primax.

FREMONT, Calif., Dec. 3 /PRNewswire/ -- Visioneer, Inc.(Nasdaq: VSNR), a leader in personal imaging hardware and software products, today announced that the company has agreed to acquire ScanSoft, Inc., an indirect wholly owned subsidiary of Xerox, Inc. (NYSE: XRX). The combined company will operate as a public corporation under the ScanSoft name. Visioneer also announced today that it has agreed to sell its hardware business to a newly formed subsidiary of Primax Electronics Ltd. (Taiwan Stock Exchange: Code # 2336). The goal of these transactions is to create stronger competitive positions in the imaging software and hardware markets; to strengthen the holdings of ...

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