By Peter Verhoeven,
Thursday, September 14, 2006.
In a press release AI Squared confirms that the company was purchased by Technology Investment Capital Corp. (NASDAQ: TICC), and an individual private investor. Most remarkable is the announcement, that founder and company president Ben Weiss leaves AI Squared Mid-October.
Ai Squared, a leader in assistive technology software for the visually-impaired, was purchased by Technology Investment Capital Corp. (NASDAQ: TICC), a publicly-traded business development company that invests in small to medium-sized technology-related companies, and an individual private investor. The investors were attracted to Ai Squared's diverse strengths, including sound management, cutting-edge product development, and a stellar reputation for customer care. To secure these strengths and insure the company's future success, all of Ai Squared's employees have been retained and will continue to work out of Ai Squared's offices in Manchester, Vermont.
"Our number one mission is to build on Ai Squared's winning formula," says Barry Osherow of TICC. "To insure that this will happen, we are keeping the company's experienced team and successful business strategies intact."
Ai Squared's founder, Ben Weiss, will continue his leadership role in the company through mid-October, before departing to pursue other interests. "I am very pleased to be leaving the company in capable hands," says Ben Weiss. "With the existing management team and TICC's broad resources, Ai Squared will be able to grow to the next level, accelerating product development and increasing our marketing efforts in assistive technology."
About Ai Squared
Algorithmic Implementations, Inc. (d.b.a. Ai Squared) has been providing assistive technology for more than 15 years to computer users with low vision. The company's flagship product is ZoomText, a screen magnification and reading software application for the visually-impaired. For additional information, please visit
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