Microsoft seals lid on Visio acquisition
- 14 January, 2000 12:56
Microsoft's $US1.5 billion stock acquisition of Visio is finally complete after more than four months of what Visio's Angus Robertson termed a "holding pattern".
Robertson, Asia Pacific regional director and Visio founder in Australia and New Zealand, said Visio's diagramming products would be more widely available as a part of the deal.
"Part of the acquisition will be opening up to channel to Microsoft's distributors. The product will have a much higher presence in the market. Our products have always been available to all resellers through our two distributors, so it doesn't change the landscape in that respect, it just gives it a higher profile. It also gives Microsoft resellers the chance to offer their existing customers more."
Robertson said he was relieved and excited that the Microsoft deal had finally been secured.
"I feel like we've been in a holding pattern for four to five months. We've been in a lot of flux but we've still grown and matured the market. We had our best quarter, the last quarter of 99."
Visio will continue to operate from its North Sydney offices until February 18, after which time all customer support, sales and marketing will be conducted from Microsoft's Sydney headquarters.
Visio products will be re-released with Microsoft branding in March, but will continue on the market in their present form until then.