NASDAQ: TYPE 21.25 +0.10 (+0.47%)
Volume 186,744
10/21/16 03:59 PM Pricing delayed 20 minutes More Stock quote and chart

Monotype Acquires Web Design Studio, Mark Boulton Design


Acquisition Brings to Monotype Expertise in Web Design and Web Publishing

WOBURN, Mass.--(BUSINESS WIRE)-- Monotype Imaging Holdings Inc. (Nasdaq: TYPE), a leading provider of typefaces, technology and expertise for creative applications and consumer devices, has acquired Mark Boulton Design Ltd., a seven-person Web design studio based in Cardiff, Wales, U.K.

Monotype acquired all outstanding shares of Mark Boulton Design Ltd. (a privately-held company) for approximately $1.75 million, including inducement awards of approximately $1.0 million in restricted common stock of Monotype Imaging Holdings Inc., which is subject to vesting over four years based on continued employment. With the acquisition, Monotype gains recognized expertise in Web design and Web publishing, markets that have been identified as strategic to the company’s growth objectives. Employees of Mark Boulton Design will continue to work from their current locations.

“Mark Boulton Design brings to Monotype an intimate understanding of responsive design, in addition to a high standard of design excellence and execution that we look forward to integrating within our offerings,” said Doug Shaw , president and chief executive officer of Monotype. “With the new team on board, which adds to our already deep bench of talent, we’re positioning Monotype to better meet the responsive design requirements of our customers and ensure the best user experiences across all devices, platforms and media.”

“Great Web design comes from understanding the medium and how things fit together. We’re at the beginning of a remarkable time; a time when content is being consumed on multiple screens in wildly different ways. This is a challenge for brands and publishers, but it’s also a time when creativity and user experience are critical in delivering excellence, a philosophy that Monotype also shares,” said Mark Boulton of Mark Boulton Design. “We’re excited to be part of Monotype – and to help brands succeed on the Web.”

Boulton, who cofounded Mark Boulton Design in 2006 with his wife, Emma, has worked exclusively in Web design for more than 15 years. A recognized authority on Web design, Boulton is also a speaker and author, having written “A Practical Guide to Designing for the Web,” which details techniques for designing websites using the principles of graphic design. Prior to founding Mark Boulton Design, he was a graphic designer and art director serving a variety of well-known brands. With a background in traditional graphic and typographic design, Boulton is also a member of the International Society of Typographic Designers and writes a design blog at

In addition to custom work for brands such as CERN, ESPN and Al Jazeera, Mark Boulton Design has developed, marketed and sold the Gridset™ responsive layout tool, which enables Web designers to use grid-system composition techniques as part of a responsive design process. Designers can dynamically build and apply various grids that are optimized for any number of devices. Monotype is currently evaluating the tool for use with the company’s Typecast™ application, an award-winning browser-based tool that lets designers more easily design Web pages with Web fonts.

Forward-looking statements

This press release may contain forward-looking statements, including those related to expected growth in Monotype’s offerings in Web design and Web publishing that involve risks and uncertainties that could cause the company’s actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: risks associated with changes in the economic climate, risks associated with the company’s ability to integrate the products and services, and risks associated with the company’s ability to integrate the acquisition. Additional disclosure regarding these and other risks faced by the company is available in the company’s public filings with the Securities and Exchange Commission, including the risk factors included in the company’s Annual Report on Form 10-K for the year ended Dec. 31, 2013 and subsequent filings. The financial information set forth in this press release reflects estimates based on information available at this time. While Monotype may elect to update forward-looking statements at some point in the future, the company specifically disclaims any obligation to do so, even if an estimate changes.

About Monotype

Monotype is a leading global provider of typefaces, technology and expertise that enable the best user experience and ensure brand integrity. Based in Woburn, Mass., Monotype provides customers worldwide with typeface solutions for a broad range of creative applications and consumer devices. The company’s libraries and e-commerce sites are home to many of the most widely used typefaces – including the Helvetica®, Frutiger® and Univers® families – as well as the next generation of type designs. Further information is available at

Monotype, Helvetica and Frutiger are trademarks of Monotype Imaging Inc. registered in the U.S. Patent and Trademark Office and may be registered in certain jurisdictions. Univers is a trademark of Monotype GmbH registered in the U.S. Patent and Trademark Office and may be registered in certain jurisdictions. Gridset and Typecast are trademarks of Monotype Imaging Inc. All other trademarks are the property of their respective owners. © 2014 Monotype Imaging Inc. All rights reserved.

Source: Monotype Imaging Holdings Inc.

Vikki Quick, 781-970-6115
Investor Relations contact:
Chris Brooks, 781-970-6120


Price 21.25 +0.10 (+0.47%)
Volume 186,744
10/21/16 03:59 PM Pricing delayed 20 minutes More Stock quote and chart