Image Metrics, provider of the Faceware suite for digital facial animation, has announced that it will be selling the Faceware technology to… Faceware Technologies (FTI). The new company is a spinoff of Image Metrics, which allows the parent company to continue to “focus on delivering products based on its consumer animation and facial recognition technologies.” FTI will continue to offer and support Faceware at professional animation firms.
"This transaction is a great opportunity for both Image Metrics and Faceware Technologies Inc. because each company can focus on delivering exceptional products and services to its target customers and enable both companies to unlock faster growth potential in each market," said Robert Gehorsam, CEO of Image Metrics. "Image Metrics will now aggressively build out a set of remarkable products and technologies that will continue to transform how online users express themselves, communicate and interact."
Image Metrics’ current CFO, Ron Ryder, will take control of FTI during the transitional period.
"FTI is perfectly poised to deliver FACEWARE and our supporting products and services to our customers and certified partners," said Ryder. "There will be no interruption to the pace of innovation in the product line during 2012 and beyond."
