Logitech Acquires Gazelle Graphics
Gazelle Graphics Systems, a Simi Valley firm that produces electronic pens for computer inputting, has been acquired by Logitech International Inc., a Silicon Valley concern that already held a 51% stake in Gazelle.
Gazelle, which has 20 employees, was founded in 1990 by Anthony Zank, who was its president and chief executive. He has joined Fremont-based Logitech’s board and has been named head of pen digitizer research.
Gazelle’s pens are used primarily with notebook computers. Logitech, whose sales totaled $292 million in the year that ended March 31, describes itself as the world’s largest producer of hand-held computer scanners and pointing devices, such as the Apple mouse.
Zank said Gazelle had “developed to a point where our products now need Logitech’s worldwide manufacturing capability and marketplace credibility.”
He added that he plans to remain with the company “at least another year or two.” After that, he may start another business.