Friday, December 04, 2009

Luminetx being sold to Japanese

The creator of VeinViewer, Memphis-based Luminetx, may soon be sold to Japan-based Christie Digital Systems, part of Ushio Inc., according to Commercial Appeal and Memphis Daily News. The buyer's U.S. office is in Cypress, Calif. Christie has been a major lender to Luminetx, during the company's roller-coaster ride of recent years. Despite a celebrated technology and revenue, the company apparently failed to overcome management and strategy shifts and gain sufficient traction, on its own.

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