Vector Capital, a San Francisco based investment firm, has combined Freedom Scientific and Optelec to form what is believed to be the largest assistive technology company. The brands will continue to operate as independent units for the time being as the merger details are worked out. Formed in 1997, Vector Capital currently employs roughly 40 people and has amassed total assets of over 2 billion dollars and has invested in many well-known brands including Corel, WinZip, WatchGuard, and Register.com.
We are excited to bring together two of the industry s leading companies to create a global, diversified end-to-end technology provider to the low-vision and blind community, said Vector Capital's Andy Fishman.
Freedom Scientific was formed in 2000 as the result of another merger involving Blazie Engineering, Henter-Joyce, and Arkenstone. Here's a link to the official press release.
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J.J. Meddaugh is an experienced technology writer and computer enthusiast. He is a graduate of Western Michigan University with a major in telecommunications management and a minor in business. When not writing for Blind Bargains, he enjoys travel, playing the keyboard, and meeting new people.