Monotype Buys Planetweb

Woburn, MA-based Monotype Imaging (NASDAQ: TYPE) has paid $1.9 million in cash to acquire the assets of Planetweb, a dot-com-era holdover based in Redwood Shores, CA, according to a Monotype announcement today. Founded in 1996, Planetweb had raised nearly $60 million in venture backing to develop Internet browsers for televisions and other devices; its current lead product is SpectraWorks, a graphical user interface embedded in digital cameras, cable set-top boxes, and DVD players. Monotype says it plans to build its font and layout engines into the SpectraWorks user interface.

Wade Roush is the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast

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